For the past ten years, EY and the Institute of International Finance (IIF) have monitored the banking industry’s approach to risk management through our annual surveys.
Our latest global bank risk management survey report, titled An endurance course: surviving and thriving through 10 major risks over the next decade, reflects the views of close to 100 banks globally, as well as EY’s Banking and Capital Markets leadership team.
The report covers a considerably broader array of topics than in previous editions, reflecting the shift in focus from financial risks (with banks now better positioned in terms of capital and liquidity) to broader operational and sustainability challenges. Explore last year’s survey.
While the survey is primarily relevant to CROs, it will also be of interest to other C-suite members, and to Audit and Risk Board Committees.
As reflected across the ten years of global bank risk management surveys conducted by EY and the IIF, risk management within the global banking community has been on a transformational journey since the last financial crisis:
The report also discusses the following broader, more complex set of risks and examines specific challenges and uncertainties for each, as well as evolving ways to manage these risks. There is a need to be more creative, predictive and efficient. The top ten challenges identified are:
Download the full survey report below and, if you have a question about any of the issues raised, don’t hesitate to get in touch.
