Dec 6, 2017
Mark Watson, Executive Director in EY’s Financial Services Organization (FSO) advisory practice, joins GARP’s Jeff Kutler to discuss the 8th annual EY/Institute of International Finance (IIF) global bank risk management survey, “Restore, rationalize and reinvent: A fundamental shift in the way banks manage risk.” The survey follows the industry’s progress in improving risk management by surveying senior risk executives. This year, 77 banks from 35 countries participated in the survey, including 20 institutions described as “global systematically important banks” (G-SIBs). The discussion touches on key prioritizations of risk, including cybersecurity, data integrity, disruptive technologies, regulatory issues, business models, conduct, board governance, and geopolitical and social issues, as well as the importance of talent recruitment and developing careers in risk.