Financial Services Risk Transformation For The Next Super Incident

There are a range of financial risk categories that financial institutions are prepared for. Over time, firms have developed advanced resilience capabilities for credit risk, market risk, and funding and liquidity risk.

However, with drastic changes in market conditions, technology and world affairs, non-financial risk is playing a greater role. Super incidents such as the pandemic, which have wide-ranging cultural, technological and societal impact can present sudden and unexpected risks to business continuity.