We are pleased to present Deloitte’s global risk management survey, eighth edition, the latest assessment of the state of risk management in the global financial services industry. The findings are based upon the responses of 86 financial institutions from around the world, across multiple sectors, representing a total of more than US$18 trillion in combined assets.
The survey’s findings reveal that the financial services industry continues to respond to challenges posed by the global financial crisis and subsequent market and regulatory developments, with many financial institutions continuing to increase their focus on liquidity, counterparty, and systemic risk. Strengthening risk governance is also receiving heightened attention: many institutions have increased the role of the board of directors in providing direction to and approval of the institution’s risk appetite and risk policy.
The Chief Risk Officer (CRO) position continues to become more commonplace, providing a senior-level executive who has overall responsibility for the organisation’s risk management activities and who can provide counsel to the CEO and the board of directors on its risk exposures. More institutions have created enterprise risk management programs to develop a comprehensive view of the various risks facing their organisations—and their interrelationships—across businesses, products, and geographies.
Read the full report . . . . Deloitte financial services global risk management survey
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