Risk

Article

The future of bank risk management

– Banks have made dramatic changes to risk management in the past decade—and the pace of change shows no signs of slowing. Here are six initiatives to help them stay ahead.

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McKinsey on Risk

– A new publication that brings together the best thinking from McKinsey’s Global Risk Practice.

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Article

Transforming enterprise risk management for value in the insurance industry

– Leading insurers are retooling the role of their risk function from incident response and compliance to an essential partner in... advancing the business strategy.
Article

The value in digitally transforming credit risk management

– To withstand new regulatory pressures, investor expectations, and innovative competitors, banks need to reset their value focus... and digitize their credit risk processes.
Article

SREP: How Europe’s banks can adapt to the new risk-based supervisory playbook

– The first round of Europe’s new supervisory process is in the books, and the next one is under way. Banks are likely to... face new challenges from heightened supervisory expectations.
Report

Managing non-financial risk in banking: Paradigm shifts in the making

– Banks are accustomed to taking on financial risk as part of their business models, but non-financial risk (NFR) has only a downside... if not managed. And the downside can be large. We discuss nine paradigm shifts which have the potential to really improve management of NFR.
Article

A best-practice model for bank compliance

– Tighter compliance regulations have challenged financial institutions in a variety of ways. Yet those who adapt best may enjoy... a distinct competitive advantage.
Survey

Economic Conditions Snapshot, December 2015: McKinsey Global Survey results

– Growing shares of executives say geopolitical instability is a risk to both global and domestic growth. At the same time, their... views on overall conditions have improved notably—but remain tempered on China’s prospects.
Article

P&L forecasting–the new horizon of stress testing, and beyond

– Banks have not invested much into modelling capabilities for profit and loss, particularly in Europe. If they want to anticipate... and possibly shape the regulatory agenda, they need to do so now.
Article

Taking the stress out of operational-risk stress testing

– Financial institutions are facing heightened supervisory scrutiny, but those that establish a structured and calibrated approach... to operational-risk stress testing will thrive.
Report

The Fundamental Review of the Trading Book: Implications and actions for banks

– The FRTB framework promulgated by the Basel Committee on Banking Supervision to improve trading book capital requirements will... necessitate rapid and potentially drastic change for all banks with a trading presence. There are five critical steps banks should take to prepare.
Interview

Profiling the modern CFO: A panel discussion

– Seasoned finance chiefs explore revamping business models and coping with new competitors, currency risks, and changing capital... structures.
Interview

Willis Group on the changing risk landscape

– Dominic Casserley, CEO of the global risk advisor and insurance broker, explains the importance of making businesses, cities,... and countries better equipped to survive emerging risks such as cyberattacks.

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