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Risk Control: What’s now and what’s next?

Amid a complex and rapidly changing threat landscape, pressure is growing on investment banks to improve the robustness of risk controls across their organisations and take a more forward-looking view of operational risk.

A survey report by Risk.net commissioned by Acin explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control.

The survey report provides additional insights from leading practitioners responsible for risk controls in the first line of defence. 

Overview:

• The three most challenging aspects of the risk control function
• The top actions banks are taking to improve risk control effectiveness
• Why the Risk Control Self-Assessment (RCSA) process is due for an overhaul
• How digitalisation of the risk control function can address the key challenges