Faced with significant economic dangers and nonfinancial risks, financial institutions will need to fundamentally re-examine and re-engineer their risk management functions. Those are the top-level findings of the 11th edition of Global Risk Management Survey conducted by the Deloitte Risk and Financial Advisory.
The survey findings are based on the responses of 94 financial institutions from around the globe and across multiple financial services sectors, representing a total of $29 trillion in aggregate assets.
Key findings focused on the continued growing importance of cybersecurity risk; an increasing focus on non-financial risks, including 54% who indicated their institutions are extremely or very effective in managing business resilience; and a continued increase in Enterprise Risk Management programs.
Learn more and download the Global Risk Management Survey via Deloitte Insights.