This year, we conducted a survey of risk management executives active in the domestic financial sector and performed the related analysis for the third time. Reading again our 2012 and 2016 publications, we can reaffirm that the risk environment is rapidly changing and the occurring challenges are extremely complex. According to our first publication from 2012, the energy of the CROs at that time was mostly absorbed by the recovery efforts/rehabilitation in wake of the financial crisis. In the context of strengthening economic growth in 2016, CROs were already primarily concerned with finding the most reasonable, optimal way to expand business and create value. Today's economic environment is still in a growth phase, but there are widespread concerns about how long it can be sustained in current form. In the meantime, business is becoming more and more agile and everything is speeding up, while it is increasingly difficult to allocate appropriate resources to each priority.

Our analysis covers many other topics in addition to the above. For example, it is visible how CROs perceived a shift in regulatory focus from capital requirements to consumer protection over the past 7 years, and how the views on the risk environment with regards to products/services varies by company size. We devoted a separate chapter to the relationship between innovation and risk management, further breaking down, for example, the perception of some risks associated with innovation and demonstrating that the risk managers' attitude towards working with xxTech companies is not yet established.

Our research shows a detailed insight into the risk management world of banks, insurers and at first time investment fund managers.