A survey claims they are more concerned about internal disruptions than the «forever» threats of cyber and climate.
The things that keep chief risk officers up at night in the Asia Pacific region are slightly different than those in other parts of the world, according to a recent survey conducted by Ernst & Young (EY), a consultancy, and the Institute of International Finance (IIF).
Almost two-thirds of regional CROs can’t sleep well because of the possibility of internal disruption or operational resilience while it only bothers significantly less than 40 percent of those farther afield in other parts of the world.
Concerned about Cyber
The second concern was cybersecurity, with more than half rating that as the most important risk, followed by liquidity risk (45 percent), environmental risk (36 percent), and regulation implementation (36 percent).
Globally, however, cybersecurity is what prompts insomnia in almost three-quarters of all CROs, followed by regulation (36 percent), operational resilience (33 percent), liquidity (33 percent), and risk appetite (32 percent).
Geopolitical Troubles
«Geopolitical risk is an issue that isn’t likely to go away any time soon, so banks in…
