Great risk management has never been more important. Considering cyberattacks, politics, and trade wars, financial institutions rely more than ever on their risk leaders to navigate uncertainty. But as the world changes, so too must risk management. Not only are risks proliferating, but so are solutions. In an AI-empowered future, new skills and capabilities will be required. Risk functions will need to be more agile, more cross-functional, and more tech-driven. In the next three to five years, executives, starting with leaders of risk functions, must embrace transformation and start to implement the required changes. Geopolitical flux as the new normal. The World Uncertainty Index is nearly nine times higher than it was 20 years ago, reflecting all the geopolitical disruptions of the past few years as well as the new normal of geopolitical uncertainty.1Comparing third quarter 2025 with fourth quarter 2005, 'World Uncertainty Index: Global: GDP weighted average,' Federal Reserve...
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