A new, and renewed focus for financial services regulators, boards, and senior managers
Today, the world’s regulators are redirecting their focus away from the financial risks that have dominated since the dawn of the Global Financial Crisis of 2008, and towards non-financial risk management and resiliency issues. This trend has been accelerated by the recent stresses engendered by the Covid-19 pandemic.
In this short introductory paper we examine:
- What Non-Financial Risk Management and Operational Risk is and why it’s important
- What do regulators want Boards and the C-suite to focus on over the coming months
- How can boards and the C-suite shape a more strategic approach to non-financial risk
- What should Boards and the C-suite look for in terms of metrics and reporting?
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