The past two years have shown us that sometimes the horizon can be closer than we think. Events that for many years were in the “low probability, high impact” category have occurred, such as pandemic-related access restrictions to premises or asset revaluation due to the war in Ukraine. A risk assessment based on probability alone is flawed. Therefore, it is important to focus on risks that may affect your company's resilience, destroy confidence in your organisation's ability to deliver sustainable results, attack the core of your company's purpose, or harm society in general. In addition, the constantly evolving regulatory environment creates significant challenges to financial services firms.
Our paper has been prepared to assist assurance functions in developing their risk assessment and activity plan for 2023, as well as for the C-suite, executive and non-executive directors responsible for the governance and control of financial services institutions.
Download our horizon scanning paper which provides a point-in-time view of the risks targeting the financial services sector in the next 12 to 18 months.
Partner, FS Risk Consulting & Internal Audit, PwC Switzerland
Tel: +41 58 792 46 28