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Cyber Attack or Data Breach
Cyber attacks are, and will remain, a top risk across all geographies and industry sectors. All leaders need a cyber game plan.
Industry Overview
Financial Institutions
Building Resilience to Support Growth
Expanding global wealth and advancements in technology provide financial institutions with opportunities to grow in new markets, but also create risk and human capital challenges that require innovative solutions.
From the volatility created by climate change to geopolitical and financial headwinds to significant organizational threats in the form of regulatory pressures, cyber threats and shifting workforce expectations, the pressure is on across the industry.
The key to achieving success will be agility and resilience. Organizations in the industry face the challenge of assessing and managing their approach to both human and operational risk—including, adopting greater agility through innovation, anticipating future exposures and optimizing risk management to create the organizational resilience necessary for growth.
Top 5 Current Risks
According to our latest Global Risk Management Survey, the biggest risks facing the Financial Institutions industry include:
Report
Better Decisions on Risk Capital and Human Capital for Financial Institutions
Increasingly complex and interconnected global changes continue to unsettle markets and drive economic uncertainty. From regulatory pressures, cyber threats and labor shortages to compressed economic growth and a global climate crisis, pressure on financial institutions (FIs) is mounting on multiple fronts.
Article
How Banks Quantify Physical Climate Risk
Climate change is getting expensive. According to Aon, 421 notable disaster events last year generated $313 billion in economic loss, of which only $132 billion (42%) was insured loss; and it has never been more important to understand the risk that a changing climate poses today and in the future. Learn more about how banks quantify physical climate risk.
More Insights
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Article 21 Min Read
Building Growth From Uncertainty in Financial Institutions
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Topic Overview 10 Min Read
A Holistic Approach to Cyber Preparedness in Banking
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Topic Overview 10 Min Read
Managing Emerging Risks in the Banking Sector
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Article 10 Min Read
How Companies Are Using Climate Modeling to Improve Risk Decisions
