close
Share with your friends

CRO Survey 2019 – Banks, Insurers, Investment Fund Managers

CRO Survey 2019 – Banks, Insurers, Investment Fund Mana

Risk Management Trends in Financial Sectors from the Perspective of Chief Risk Officers – 2019

1000

Related content

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.

© 2020 KPMG Tanácsadó Kft., a Hungary limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal