The upside of risk
Survey of risk management practices among Canada’s credit unions and caisses populaires
Risk management has long been a critical focus for credit unions and caisses populaires. Yet traditional approaches to risk management are struggling to keep pace with the emerging risk categories that financial institutions face.
For instance, rather than simply dealing with the familiar categories of credit risk, liquidity risk and interest rate risk, credit unions and caisses populaires are increasingly subject to market risk, strategic risk, regulatory risk, talent management risk, IT risk and fraud risk — particularly in relation to debit card skimming.
These issues — along with numerous risk management strategies — are explored in greater detail in The upside of risk, a Deloitte survey of risk management practices among Canada’s credit unions and caisses populaires. In addition to outlining the key risks these organizations now face, the survey also highlights the growing importance of risk management and explores the role it can play in providing organizations with a competitive edge.
Find out what you can do to turn risk to your advantage. Read the report.