The risk landscape to 2030: how are FSIs navigating risk management in an increasingly complex market?

1. What are currently the most important risk management priorities for your organisation? [select top three]

Higher profits / ROI
Consistent operations
To outdo competitors with faster decision-making
Connecting data across the organisation / consolidating technology footprint
Meeting regulatory reporting standards
Reputation / protection of brand
Avoiding fines
Better customer experience
Implementing new technologies
Integrating risk management / collaboration across multiple domains

2. Which of the following methods or technologies is your organisation rolling out to align with its corporate risk objectives? [select all that apply]

Advanced technologies i.e. genAI, LLMs, quantum computing
Standard AI / ML
Integrated risk management technology / collaboration across multiple domains or departments
Consolidating technology footprint
Operational resilience software
Automated risk assessment

3. How far advanced is your organisation in rolling out AI to meet corporate risk objectives? [select the most appropriate answer]

We have completed the roll out of AI across our risk strategy
We have rolled out AI as part of our risk strategy in some areas but there is progress to be made
We are in the early stages of rolling out AI as part of our risk strategy
We are not currently rolling out AI as part of our risk strategy but have plans to implement the technology in the near future
We are not currently rolling out AI as part of our risk strategy and have no plans to in the immediate future

4. Where could AI most benefit your organisation’s risk strategy? [select one option]

Better forecasting
Improved data segmentation
Fraud detection
Workplace risk
Operational risk management
Advanced risk management
Cybersecurity
ESG
Efficiency
Automating manual tasks

5. How will the new NIST 2.0 regulatory framework impact your organisation? [select most appropriate answer]

It will have a significant impact on the organisation by helping us improve our approach to cybersecurity risks
It will have a significant impact on the organisation by hindering our ability to effectively address cybersecurity risks
It will have some positive impact on the organisation, but only in some areas
It will have some negative impact on the organisation, but only in some areas
We do not follow this framework so it will not impact the organisation

6. How has increased regulatory scrutiny impacted your ESG risk management strategy? [select all that apply]

We are now tackling greenwashing
We are now rolling out new risk management technology
We are engaging more with regulators
We have introduced new training schemes
We are introducing new internal policies
We are meeting relevant governance requirements
It has not impacted our ESG risk management strategy

7. How far is your organisation on its journey to integrating people, technology, and data across the organisation when it comes to risk? [select the most appropriate answer]

Our people, technology, and data are fully integrated when it comes to risk
We have integrated most of our people, technology, and data when it comes to risk but there is still some progress to be made
We have integrated some of our people, technology, and data when it comes to risk
Our people, technology, and data are completely siloed but we have plans to introduce an integrated risk strategy in the near future
Our people, technology, and data are completely siloed and we have no plans to change this in the immediate future

8. To what extent is your organisation aligning its resilience objectives to its corporate risk objectives, procedures, and policies? [select the most appropriate answer]

All of our resilience objectives are aligned to our corporate risk objectives
Some of our resilience objectives are aligned to corporate risk objectives, but there is still some way to go
None of our resilience objectives are aligned to our corporate risk objectives but we have plans to address this in the near future
None of our resilience objectives are aligned to our corporate risk objectives and we have no immediate plans to do so

9. How important do you think the role of AI for risk management will be for your organisation by 2030? [select most appropriate answer]

Very important
Important
Somewhat important
Not important at all

10. How do you expect your organisation’s risk budget to change over the next six years? [select most appropriate answer]

Increase significantly
Somewhat increase
Stay the same
Decrease

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