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Risk management

New risk management methodologies

The world’s banking sector has changed since 2008.  Credit risk, which was already considered the crucial risk faced by banks, has grown even further in importance.  The impact of its costs on banks’ performance around the world has increased as well.  Importantly, attempts made to restrict credit risk have proven to be of little effect. Banks underestimated risk in many areas before the 2008 crisis shed clear light on them.

The search for new risk-assessment methods to correctly identify potential costs has become crucial.  Once again, and more than ever before, the natural relationship between risk management and the technologies that process the data on which organizations base their decisions has been confirmed.  Financial institutions should invest heavily in IT infrastructure and data integration to gain a broader perspective on the various types of risks under management. 

As these organizations make progress in the search for opportunities to improve their support for the decisions made by senior management and the board, the related areas of risk, business analysis and IT will grow in importance. In which areas do banks need to improve the methods they apply to risk management? 

  • Which elements of the risk map will be the most important in a long-term perspective? 
  • Which areas of business activity are currently underperforming due to imperfect risk-assessment tools?
  • How can financial institutions develop a more integrated cross-organizational approach to risk and data management?  

The Center analyses this convergence of risk and IT and provides financial institutions with information and possible strategies to ensure more efficient use of business analysis and technology.  It also provides information on how to build the corporate governance, cultural and supervisory structures that enable risk management in legal entities, business entities and product lines.  The Center will also help financial institutions to recognize the opportunities afforded by risk and IT areas, compliance, development and cost management.

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