Lloyds Banking Group is preparing to axe roles in its risk management division after finding that it was a “blocker” to the company’s transformation strategy. The group’s chief risk officer Stephen Shelley said in a memo last month that it was Read More …
Category: Latest News
Lloyds to cut jobs in risk management after finding it was a ‘blocker’ to transformation progress
How to integrate ESG risks into the enterprise’s overall Risk Management
Integrating sustainability into company core operations and strategy remains a challenge, and one way to overcome this is to infuse these issues into enterprise risk management workflows Convergence of sustainability frameworks and standards is driving global consistency in environmental, social Read More …
Health & safety tops list of risks for D&O
Health & safety has emerged as the top risk for directors and officers according to the 2024 Global Directors’ and Officers’ Survey Report from WTW and Clyde & Co. And according to the survey a notable portion of respondents are exploring or Read More …
Aon launches new climate risk tool
Aon has launched its Climate Risk Monitor, a new tool that it says helps clients visualise and understand their exposures to physical climate risk in order to enable better business decisions. According to Aon the property insurance market is increasingly Read More …
Is 2024 a major turning point for risk?
Howden on how a slew of high-profile elections affect the landscape Is the current year a major turning point for risk? If trends such as important elections, economic uncertainty, and an uptick in violent conflicts are to be believed, then Read More …
GenAI and cybersecurity top CEO concerns in new PwC survey
68% expect generative AI will significantly change the way their company creates, delivers and captures value in the next three years. The past few years have been filled with uncertainty—significant economic shifts, geopolitical conflicts and a rapidly evolving technology and Read More …
EU takes legal action against Greece over failure to update flood risk plans
The action comes five months after the worst rains in Greece flooded its fertile Thessaly plain, devastating crops and livestock and raising questions about the Mediterranean country’s ability to deal with an increasingly erratic climate. The European Commission said on Read More …
Europe is not prepared for rapidly growing Climate Risks
Europe is the fastest warming continent in the world, and climate risks are threatening its energy and food security, ecosystems, infrastructure, water resources, financial stability, and people’s health. According to the European Environment Agency’s (EEA) assessment, published today, many of Read More …
Cyber attack, talent retention top business risks in India: Report
The ‘2023 Global Risk Management Survey’, which gathered input from almost 3,000 risk managers, c-suite leaders, treasurers, talent professionals and other executives from 61 countries, found that cyber attack/data breaches have risen from seventh position in the 2021 survey to Read More …
How generative AI can help Banks Manage Risk and Compliance
In the next five years, generative AI could fundamentally change financial institutions’ risk management by automating, accelerating, and enhancing everything from compliance to climate risk control. Generative AI (gen AI) is poised to become a catalyst for the next wave of productivity gains across Read More …