When Protiviti conducted the Executive Perspectives on Top Risks report
in the fourth quarter of last year, the top risks on the minds of financial services directors and executives, in order of priority, included: regulatory changes and increased scrutiny, cybersecurity, information security, economic volatility, and succession. However, risk is never static. If Protiviti were to conduct the survey today, with the significant changes over the past six months, including growing nationalist sentiment across the globe—Brexit being the most recent example—economic concerns would probably rise as high as second place, even with cybersecurity and information security remaining strong and “evergreen” concerns.
In this article, Protiviti Managing Director Cory Gunderson provides insight into executive perspectives and the evolution of risks within the financial services industry.