How would you summarise the year that risk managers had? Catch up with these thought leaders in risk management and get an overview of the challenges past, and the challenges ahead in 2021.
What's on CRO's risk radar today and in 2021?
"Just because we see on TV that there is social unrest somewhere in the suburbs of Paris, that doesn't have a immediate direct impact on my portfolio. But medium and long-term, it can, and also maybe will have consequences." - Christian Bluhm, Group Chief Risk Officer and Member of the Group Executive Board, UBS
Unprecedented, challenging, and exhausting: 2020 from a crisis management perspective
"This was a huge learning experience for many people. Every colleague or peer I've spoken to, I've heard that come out from them. Not just for their team or themselves, but for the organisation." - Bonnie Frank, Vice President, Enterprise Risk and Crisis Management, PSP Investments
How to become an ESG conscious organisation?
"As severe a challenge climate change is, there are real, positive outcomes that we can make happen and that will bring big benefits, if we act with purpose." - Alan Smith, Senior Advisor - Climate and ESG Risk, HSBC
Fraud risk in focus: What can financial institutions do?
"The increased use of digital channels for everything, from identification, to opening bank accounts and transactions, and the general participation in the digital economy, has on the one hand meant that the old forms of fraud have dropped... but new methods have increased." - Peter Deans, Former CRO and Director, The Regtech Association in Australia
How has Covid-19 highlighted the need for a shift from model risk management to model resilience?
"Even now, as things become more stable, model risk teams are helping to determine the best long-term strategy and replacing the quick-fix overlays and adjustments with more robust solutions." - Thomas Wallace, Partner, Risk Dynamics, a McKinsey company
The IBOR discontinuation: How should banks be handling the transition?
"Starting from a macro view, one needs to understand the operating model very well, and then understand what the handovers are between each areas." - Suman Datta, Head of portfolio, Quantitative research, Lloyds Bank