Risk Management’s Next Challenge: Helping Banks Reignite Profitable Growth
ByFor banks facing continuing market volatility and upheaval, risk management plays a double role. “Defensive” risk management – focused on regulatory compliance, controls and, basically, on staying out of trouble – remains vitally important. But, more and more often, risk management is playing an active role in helping banks identify and achieve growth.
Accenture’s 2015 Global Risk Management Study, based on interviews with 470 c-level risk decision makers at banks, insurers and capital markets firms, found that banking respondents reported broad-based efforts to prepare the risk management function to play both roles. While almost eight in 10 respondents (79%) believe the risk function is a critical or important enabler of long-term profitable growth, there is more work to be done. Almost three-quarters (72%) of banking respondents said that gaining the trust of the business remains an obstacle to their effectiveness…
Risk Management’s Next Challenge: Helping Banks Reignite Profitable Growth
