This report underscores the complex challenges faced by Chief Risk Officers (CROs) in banking, necessitating resource allocation for innovation and meeting evolving customer needs. The survey highlights cybersecurity as a top concern, alongside financial risks and geopolitical tensions. To address these challenges, there's a need to align the risk management model, emphasizing critical thinking, agility, technology adoption, and robust data management. Despite the challenges, improvements in risk frameworks provide a foundation for agile and technology-driven capabilities, with regional and bank-specific variations in priorities reflecting diverse market realities.

Join for free to read