Transforming risk management for a dynamic new era.
In an era marked by constant disruption, the role of risk
management in banking is evolving rapidly. To navigate this
landscape, Chief Risk Officers (CROs) are no longer just compliance
overseers; they are strategic guides steering organisations toward
resilience and opportunity. Here's a closer look into the
forces shaping the future of risk in banking, as explored in
KPMG's extensive research.
Key drivers of the evolving risk landscape
Several factors are reshaping risk management in banking:
Emerging risks
Several interconnected factors are reshaping banks' risk
functions, including global fragmentation into trading blocs,
geopolitical conflicts, and emerging technologies that present both
risks and opportunities. KPMG's research highlights economic
volatility and geopolitical complexity as the top challenges for
banks.
