The Accenture 2015 Global Risk Management Study highlights that banking respondents are increasingly integrating risk analytics with strategic decision-making, viewing it as critical for growth. Key challenges include economic climate, regulatory demands, and competition from digital innovators, while there is a notable focus on enhancing risk management capabilities, particularly in understanding cyber risks. Respondents express a gap in talent and a struggle to establish a consistent risk culture across their organizations.

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Risk management in
the banking sector
*Accenture 2015 Global Risk Management Study – Banking respondents
expect this integration
to occur in two
years’ time.
have used analytics
to address business
and market risks.
say risk analytics is
integrated with strategic
decision-making.
Key challenges Signs of growth
Bank respondents to the Accenture 2015
Global Risk Management Study*
face 3 key challenges:
5 key priorities
of respondent banks have
higher risk appetites for new
product development.
41%
think risk functions play a critical/
important role in enabling growth.79%
say they have achieved fully
risk-based decision-making.14%
21
Tough
economic climate
Demanding
regulations
3
Competition from
digital innovators
9% 22% 75%
of bank respondents say
risk and finance work on
corporate strategy.
say the CRO has very frequent
dealings with the CIO and Chief
Technology Officer (CTO).
New relationships
Risk management as an enabler
to the business.
1
of banking respondents
to grow investment in risk
management capabilities.
say understanding cyber risk is
a capability that will be most in
demand in their risk function.
Talent gaps
The war for specialized risk
talent to intensify.
2
of respondents expect cyber
risk to become more severe.
see strategic risks increasing.
Operational risks
Driven by changes in the
commercial landscape.
5
say they have a consistent
risk culture.
believe human nature is
stopping this from happening.
Robust risk culture
Respondent banks struggling
to embed enterprise-wide.
Data and analytics
Low usage among surveyed banks.
3 4
22%
21%
83%
37%
65%
59%
11%
37%