Risk & Resilience

A recent survey from KPMG last month paints a sobering picture of the state of risk management in U.S. organizations. Despite heightened awareness of increasing risks and disruptions, more than half of U.S. organizations are still struggling to integrate proper risk and resilience capabilities. The survey, which gathered insights from 208 C-suite leaders, reveals that 52% of companies have not yet built the necessary organizational structures to effectively manage risk and resilience.

The shadow of financial crime looms larger than ever over Europe, as a new special edition of the 2024 Global Financial Crime Report sheds light on the vast scale of illicit activity across the region. This report dives deep into the financial crime landscape of Europe, with a specific focus on the European Union (EU), the United Kingdom (UK), and the Nordic countries. The findings paint a sobering picture of the challenges ahead, with billions of dollars flowing through illicit channels that pose a significant threat to both financial institutions and society as a whole.

As Klaas Knot prepared to deliver his final speech at the Eurofi conference in Warsaw, his message was that in times of uncertainty, resilience and cooperation are key to navigating the unpredictable, resonant words in today's dynamic environment. Reflecting on his years as President of De Nederlandsche Bank (DNB), Knot shared his thoughts on the evolving financial landscape, the importance of robust policies, and the need for global collaboration to safeguard long-term stability.

The world feels increasingly unpredictable these days, and for those watching Europe’s financial landscape, it’s clear that the unease is escalating. As geopolitical tensions (particularly between Europe and the United States) ripple through the global economy, the need for a more resilient financial sector has never been greater. The Dutch Authority for the Financial Markets (AFM) is ringing the alarm, urging both financial institutions and regulators to act now before the pressure becomes unbearable.

In this article by Norman Marks, he explores the critical intersection of Return on Investment (ROI) and risk management. The evolving landscape of risk management requires organizations to make informed decisions about how they treat and mitigate risk, ensuring that each investment aligns with strategic goals. In this piece, we’ll dive deeper into the concept of ROI as it relates to risk management and explore why every risk treatment should be evaluated not just for its effectiveness but also for the return on that investment.

It’s been a long time coming, but the Australian Prudential Regulation Authority (APRA) has finally taken a step in holding Australia and New Zealand Banking Group (ANZ) accountable for its ongoing struggles with non-financial risk management. APRA has accepted a Court Enforceable Undertaking (CEU) from the bank and increased its capital add-on to $1 billion.

The financial landscape in Europe is facing increased pressure, as a combination of geopolitical tensions and escalating cyber risks poses a significant threat to the stability of the EU's financial system. This warning comes from the European Supervisory Authorities (ESAs) in their Spring 2025 Joint Committee update, released today. The EBA, EIOPA, and ESMA are calling for heightened vigilance and a proactive approach to safeguard the future of Europe's financial institutions and markets.