In an increasingly complex and volatile business environment, risk management has continued to grow in importance in the financial services industry. Although progress has been real, considerable work remains to be done. This is one of the most important findings of Deloitte & Touche LLP’s Global Risk Management Survey: Fifth Edition – Accelerating Risk Management Practices.

Financial institutions that manage the full range of risks they confront can strategically use risk-taking as a means to strengthen their competitive position and create value. However, as this survey reveals, most institutions have an unfinished agenda when it comes to the development of sophisticated risk management capabilities.