Number 14, May 2023
McKinsey on Risk & Resilience, Number 14, May 2023
Today’s uncertainty and disruption of business and society is challenging leaders in unforeseen ways. It is amid this environment that with this, our 14th edition, we are changing the title of our cornerstone publication to McKinsey on Risk & Resilience. This change is more of an acknowledgement than a shift. Even before the last year, our work, research, and analysis on these pages had come to reflect the reality that many threats have come to life. “Risk,” as defined by financial institutions, has not changed, and we understand that management of existing and potential threats is only part of the function. Positioning and growth amid this environment is equally essential in an effort to build resilience.
Articles in this issue
Article
Seizing the momentum to build resilience for a future of sustainable inclusive growth
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The ‘resilience agenda,’ developed by the World Economic Forum with McKinsey & Company, is the first serious program to coordinate long-term solutions throughout our disrupted world.
Article
Business building: The path to resilience in uncertain times
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In an uncertain economy, executives’ first instinct might be to cut costs and shore up established holdings. A better way is to build new businesses.
Article - MGI Research
Addressing the revolving door in risk
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As the field of risk management evolves, the value proposition for employees has to evolve as well.
Article
Survival through purpose: How Ukrainian businesses endured amid extreme uncertainty
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Ukrainian businesses that have survived and thrived in the face of an unforeseen Russian invasion offer lessons in resilience.
Article
Managing financed emissions: How banks can support the net-zero transition
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Banks finance carbon-emitting businesses, and they finance decarbonization of the economy, as well. How effectively they address financed emissions can make all the difference.
Article - McKinsey Quarterly
A devilish duality: How CEOs can square resilience with net-zero promises
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Amid turbulence on the path to net zero, leaders will have to be much nimbler to balance resilience with an energy future that is secure, affordable, and clean. Five actions can help.
Article
A technology survival guide for resilience
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Resilience means understanding the criticality of a business process, the capability of the underlying technology, the business impact if the technology fails, and the organization’s risk tolerance.
Article
Response and resilience in operational-risk events
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Direct losses from operational-risk failures are mounting, and in today’s volatile economic environment, consequent losses in share price are many times greater.
Article
Rate reset presents banks with IRRBB challenge
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By focusing on six key areas, banks can more accurately manage rising interest rates and credit spread risk across business lines, meet regulatory demands, and create competitive advantage.
Article
Navigating economic uncertainty: New guidance for credit risk management
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Amid persistent complexity, bank leadership teams need to urgently revisit their approaches to credit risk management.
Article
Risk and resilience priorities, as told by chief risk officers
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Amid the storm of crises and disruptions, leading financial institutions are recognizing risk’s strategic and resilience-building role.
Article
The next frontier in risk efficiency
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As global risks increase and economic uncertainty persists, the risk functions within the financial services industry must continue to evolve talent to ensure organizational resiliency.
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