Risk mandate and organisation - A radical change agenda

There is a clear recognition across banks of the need for Risk functions to evolve with changing Risk and business environment. We have observed increased focus across banks on three key topics.

  • Is Risk allocating adequate resources to new and emerging risks?
  • Is Risk leveraging new technologies optimally or as effectively as the rest of the organisation?
  • Is Risk analysis and MI available and accessible to support key business decisions?

For many banks, the answer to all of the above questions is a No; for most banks, significant operating model changes are needed to positively respond to these questions in future. In our global study of Risk functions in H1 2017, we focussed on eight topics which, we believe, provide a comprehensive view of the Risk change agenda and its interaction with wider organisation issues.

Based on key observations from our recent study, in this report we set out the case for radical change in the future of the Risk function and key initiatives that need to be prioritised now to deliver the required change.

Contact us

George Stylianides
Global FS Risk leader, PwC UK
Tel: +44 (20) 7804 3364
Email

Rami Feghali
Partner, PwC France
Tel: +33 (0) 1 56 57 71 27
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Ajay Raina
Director, PwC UK
Tel: +44 7714 153427
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Johannes Goldner
Senior Manager, PwC UK
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