Risk & Resilience

Navigating Uncertainty: Developing a Strategic Risk and Resiliency Framework for Sustainable Growth

In today's rapidly evolving business environment, the development of a mature risk and resiliency strategy has transitioned from being an optional consideration to an indispensable necessity for organizational survival and success. This strategic imperative hinges on several critical elements: a profound comprehension of existing and potential threats, a comprehensive understanding of internal operational dynamics, and the adept utilization of state-of-the-art risk intelligence tools.

OCC Report Highlights Emerging Risks in Federal Banking System

The Office of the Comptroller of the Currency (OCC) has released its Semiannual Risk Perspective for Spring 2024, identifying several critical issues facing the federal banking system. Despite the overall stability of the banking system, the OCC warns that a maturing economic cycle could bring significant consumer challenges. To mitigate these risks, the OCC urges banks to enhance their risk management practices and avoid complacency.

ESMA Annual Report Highlights Focus on Supervision, Risk Monitoring

The European Securities and Markets Authority (ESMA), the EU's financial markets regulator, has released its Annual Report for 2023, detailing key achievements in implementing its new 5-year strategy aimed at enhancing investor protection and promoting stable financial markets across the European Union.

APRA Issues Final Guidance to Strengthen Operational Resilience

The Australian Prudential Regulation Authority (APRA) has released its finalized prudential practice guide aimed at strengthening operational risk management and business continuity planning for banks, insurers and superannuation trustees.

KPMG Report: Risk Management Crucial as Geopolitical Tensions, Trade Barriers, and AI Governance Threaten Global Businesses

A new report from KPMG International underscores the critical importance of proactive risk management for global businesses as they navigate an increasingly complex landscape of geopolitical instability, trade restrictions, and divergent AI governance. The report, "Top risks forecast: Bottom lines for business in 2024 and beyond," highlights how these three key risks are undermining long-term sustainable growth and urges companies to adapt their risk strategies accordingly.

Revamping Risk Management with Agile Internal Controls for Today's Dynamic Landscape

In today's rapidly evolving business environment, organizations face an increasingly complex and dynamic risk landscape. Traditional approaches to risk management, which focus on identifying and implementing controls for known risks, are no longer sufficient. Risks are constantly changing and adapting, requiring a level of vigilance and agility that many organizations struggle to achieve.

Evolving Risk Management: Leveraging Internal Controls for an Agile Approach

In today's dynamic business landscape, organizations face an ever-evolving risk landscape that demands a proactive and agile approach to risk management. Traditional methods of identifying and implementing controls for common risks are no longer sufficient as risks continuously adapt and transform. Effective risk management now requires vigilance, agility, and the ability to rapidly identify and address emerging threats while pursuing business goals and objectives.