Deloitte The technological threats to financial institutions

Technological / informational dangers are increasingly affecting financial institutions around the world: As stated in a publication on SEPE's website, according to the 9th global Deloitte's 'Managing Risk in the Financial Services Industry', 62% of respondents say risk information systems and technology infrastructure are an extremely big or very big challenge - with 46% saying the same about risk related to data.

Deloitte

The survey found, overall, that Regulatory Authorities around the world "to put into microscopy" risk management of banks, culture and incentive pay, financial institutions have to make much more effort to respond to the increased expectations.

"While this may vary from country to country, regulatory attention has recently focused on how boards promote and highlight the importance of risk management,ς, των ευρύτερων ηθικών προτύπων και των ακολουθούμενων πρακτικών όσον αφορά στους μισθούς», επισημαίνει η μελέτη της Deloitte.

About two-thirds or more of respondents feel that their institution is extremely or quite effective in managing traditional types of operational risks, such as those related to legal or tax matters.

Even fewer respondents said their organization was extremely or very effective when it came to third-party risk (44%), cyber security (42%), integrity (data integrity) (40%) and models (37%).

Source: naftemporiki.gr

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Written by Dimitris

Dimitris hates on Mondays .....

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