Recover, adapt, advance: back to business in an uncertain world
The financial crisis exposed inherent weaknesses in the risk management system: siloed infrastructures, disparate systems and processes, fragmented decision-making, inadequate forecasting and a dearth of cohesive reporting, among others. The impact of these flaws on many institutions shocked the industry. As a result, there has been a seismic shift in attitude toward risk.
In our 2010 annual risk management survey of global banking executives, we examine strategies being used to recover, adapt and advance the business.
