Risk

Recent events put market controls imposed following the Great Recession to the test. While turbulence from COVID-19 was brought under control, other happenings have thrown their efficacy into question.

Financial institutions and their directors have to navigate a rapidly changing world marked by new and emerging risks driven by cyber exposures based on the sector’s reliance on technology, a growing burden of compliance, and the turbulence of COVID-19, according to a new report, "Financial...

Imagine if there were an annual award show for risk. Of course, due to the pandemic, the award show would have to be virtual – but if there were such a show, the pinnacle award would be for the Most Disastrous Risk of the Year....

As the global economy remains in flux, most risk management strategies remain backward-looking. Risk needs to adopt strategic resilience strategies if it is to stay abreast of the inevitable changes to come. Winston Churchill’s observation, “However beautiful the strategy, you should occasionally look at the...

In-house counsel and compliance both assess risk. As such, they often vie with one another. A collaboration, however, can serve to raise both up and significantly enhance a company's risk assessment overall. Lawyers get a bad rap – not just as the subject of lawyer...

Chief Compliance Officers can add value to their organizations in many ways -- but are they at liberty to do so? Michael Volkov suggests it's time to give these multi-talented professionals more room to roam. Chief compliance officers are talented professionals. As Donna Boehme always...

Five of the top 10 risks identified as "high impact" are operational in nature, while the rest are macroeconomic and strategic. What do they all point to? A decade of disruption, says Protiviti's Jim DeLoach. He shares the Top 10 list revealed by a recent Protiviti...

A recent survey conducted by Protiviti and NC State University’s ERM Initiative discloses the influence of the COVID-19 pandemic, the economy, digital technology, talent and organizational resiliency on the risk landscape over the near term. Protiviti’s Jim DeLoach outlines the most significant risks organizations are...

Many professionals outside of compliance teams are not fluent in the language of risk. That may be hurting the impact of your risk assessment – or even the greater well-being of your business. GRC professionals believe risk and compliance should be an executive priority as...

The traditional approaches to coordinating risk and assurance were once useful, but the environment has changed. Gartner’s Malcolm Murray argues against the continued use of these approaches and for corresponding change. As organizations emerge from the COVID shocks of 2020, it is becoming clear that...

Allianz Risk Consulting’s Thomas Varney considers the connection between some of the top risks businesses faced as the COVID pandemic raged – and what the future may hold in terms of managing these risks. Business interruption (BI), pandemic outbreak and cyber incidents rank as the...

Credit risk, ESG and cybersecurity are the trio of risk types that risk executives at financial institutions perceive as increasing the most in importance for their business over the next two years, out of a field of 16, according to a new survey out today...