It is clear that Risk functions have played a key role in keeping firms and clients safe in a COVID-19 world where adapting to change has become the norm. Continued uncertainty and new regulation herald a new era in risk management; and an opportunity for Risk functions to further demonstrate their vital role.
As we present the sixth edition of our Risk and ICAAP Benchmarking Survey, the world is still gripped by a global pandemic, markets remain volatile and Brexit is not yet ‘done’. Further uncertainty is on the horizon, with new regulation in the form of the Investment Firm Prudential Regime (IFPR).
Notwithstanding the recent joint announcement by the UK regulators to delay the implementation to January 2022, the impact of the new regulations means that firms cannot afford to delay their preparations.
Drawing on the contributions from 40 participant firms in our survey this year, download the report to discover:
- how the industry has responded to the COVID-19 pandemic
- key insights into how firms are preparing for the new regulation