Effective risk management is critical for global financial institutions, especially as the range of risks grows to include more complex products, more volatile markets, increased regulatory scrutiny and external threats that include security breaches, natural disasters and geopolitical concerns. Developing and implementing a comprehensive approach to risk management – across the full organization – is fundamental to success, and a basic expectation of shareholders, regulators and customers. Financial institutions that understand risk holistically can strategically use risk-taking as a means to strengthen their competitive position and create value.

This new survey, the fifth in our series of Global Risk Management Surveys, provides a thorough analysis of the full range of critical risk management issues facing global financial services institutions today.

The survey analysis addresses the following key topics:

• Achieving a Strategic View of Risk
• Addressing the Full Range of Risks
• Enterprise Risk Management—A Work in Progress
• Looking Toward Basel II
• Targeting Key Risks
• Risk Systems and Technology Infrastructure