Risk management is the identification, quantification, and proactive management of risks—and it is a key factor for value creation in all industries. Given today’s unstable two-speed economy, every business needs to evaluate and improve its risk-management capabilities. Here are some of the most significant risks in financial services:
Credit risk from lending activities
Market and counterparty risk from trading activities (notably, derivatives trading)
Liquidity risk from mismatched assets and liabilities
Operational risk from error and omission in core systems and processes
Risks associated with the writing of insurance contracts for objects, businesses, and people
Over the last decade, BCG has built a global team of risk experts. The team covers all major financial centers, including Frankfurt, London, Paris, Hong Kong, and New York, as well as all major risk domains: regulation, analytics, governance and organization, culture and process, and systems redesign. Naturally, our risk expertise dovetails with BCG’s core competencies: planning, steering, and strategy for senior executive management. Read More
- Transforming the Risk Function of a European Bank
- See how BCG analyzed a bank's risk-management practices and developed a state-of-the-art risk function.
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- Getting Ready for Solvency II
- See how BCG helped a German insurer get its organization ready to comply with a new European regulation (Solvency II).
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