Skills, IT infrastructure, personal liability, culture and conduct risk, and complexity are five of the key risks for firms to focus on in 2017.
Financial services firms and their regulators had a busy but largely straightforward year in 2016. This year already looks to be anything but straightforward with Brexit and the start of the Trump presidency.
Well-resourced, business-specific risk and control infrastructures have always been a required core competency for firms but 2017 is set to test the resilience of all firms, with the added challenge of greater personal accountability for senior individuals.
Below is a snapshot of the five key risks applicable to all financial services firms, irrespective of geography or sector.
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Download the State of Regulatory Reform Report 2017 to learn about what regulatory events will shape the year and how you can best stay prepared.