This presentation is a supplement to the Global Risk Management Study Banking and Global Capital Markets reports and summary presentations. It presents data based on answers from the study’s U.S. based banking and capital markets respondents. Download the full Banking report (https://accntu.re/2jHhdS7) or Capital Markets report (https://accntu.re/2w54j1R)
28. DOWNLOAD OUR
BANKING AND CAPITAL
MARKETS REPORTS NOW
RISK FUNCTION’S
FUTURE SUCCESS
Or contact:
Fred Kim: frederick.kim@accenture.com
Visit:
www.accenture.com/RiskStudyBanking
www.accenture.com/RiskStudyCapitalMarkets
Today more than ever, modern banks and
investment firms need a risk function that goes
far beyond compliance to become an integrated,
strategic cog in the primary gears of the
business.
Accenture 2017 Global Risk Management Study: Banking & Capital Markets Reports
NOTE:
Global versions of the Banking and CM presentations include more background information on the Global Risk Study, a summary view on the evolution of risk management (based on 2009 to 2017 risk study results), and a narrative that explains each of the three themes the risk study explores: technology (harnessing smart technology), integration (rising to meet coordination challenges) and talent (building new layers of talent).
This presentation covers the same themes and presents the US data, plus comparisons with other countries (UK and Japan).
Note – this slide is based on the same data on slide 5, just focusing on those challenges related to technology
SIDE NOTE
Improvements needed for reporting to regulators (the number one challenge to the risk function)
67 percent agree that they need to upgrade their systems and capabilities to provide more transparent reporting to regulators (U.K. 62 percent; Japan 63 percent; total 60 percent).
SIDE NOTE
Lack of integration impedes risk management effectiveness
65 percent of U.S. respondents agree that lack of integration with other business functions impedes the overall effectiveness of the risk management function (U.K. 72 percent; Japan 55 percent; total 62 percent)
Commercial awareness can be simply defined as staying up-to-date on daily happenings and developments in the business and commercial world
Commercial awareness can be simply defined as staying up-to-date on daily happenings and developments in the business and commercial world”