These are turbulent times for the financial services industry.
Not only are shifting market conditions and the ever-evolving regulatory landscape creating new hurdles for firms, but the series of outside risks facing financial services risk managers has never been more complex. Now these professionals need to address business interuption, reputation and other traditional risks, as well as cyber terrorism, fraud and other 21st-century threats.
And it likely will get worse before it gets any better, as the tighter-margin business environment is forcing many firms to expand their operations into more risky areas, increasing their exposures at the same time.
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