Something new this week. ESG on Sunday now comes as a printed-style newspaper: a three-page edition you can download, print and read with your coffee. Paid subscribers get it with every issue. You'll find it at the bottom of this post. This week I've been reading a new survey from RepRisk and Oxford Economics. They asked 513 C-suite leaders at banks, asset managers and asset owners how conduct risk is changing. The short answer: faster, costlier and harder to see coming. The average misconduct incident now costs a financial firm about USD 14 million. Incidents are up 55% in two years. AI has jumped from the bottom of the risk list to the top. And most firms still wait for something to go wrong before they invest in spotting it. Between 2023 and 2025, the average number of significant conduct incidents per firm rose 55%. Two in three executives say risk became more complex in the past year alone. And fewer firms can say they had a clean year. Exposure now arrives through portfolios...
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