The banking industry faces multiple challenges—record inflation and rising interest rates, supply interruptions, and heightened geopolitical risk all weigh heavily on the immediate outlook for the industry.

In a constantly changing corporate environment, effective risk management is crucial to maintaining a competitive advantage. Through scenario-based foresight, early indicator monitoring, and crisis-response capabilities, risk officers can help their organisations withstand adversity and pivot swiftly.

The digital economy, in particular, has given rise to cyberthreats that damage not only the finances but the reputation of financial institutions as well. As such, chief risk officers must be well-versed in ways to mitigate the ill-effects of various challenges to their institutions.

As part of the future of finance summit 2023, the heads of risk luncheon dialogue will bring together key decision-makers to discuss the latest developments on how they are dealing with different levels of risk and how risk management and CROs role is transforming in an evolving landscape.