Performance Risk Management - EY

!@# Performance Risk Management Jonathan Blackmore, May 2013 2 Financial Services Strategic Forum Topics The world is changing How leading companies turn risk into results Back to basics 3 Financial Services Strategic Forum Risk Management an evolving journey Corporate failures triggered increased corporate governance and risk Management focus (eg Turnbull, King) Regulation on internal controls around financial reporting ( , SOX, FAS133) Primary focus on staying out of trouble Global financial crisis drove cost reductions and changes to business models Shift from financial to strategic and operational risk Management begins Stakeholder loss of confidence in financial system Back to basics Primary focus on growth, often with limited capital Alignment of risk Management and risk culture with new business models and strategic risks Comply, invest and grow Survive and refocus Company focus Grow and be resilient * Relatively same trend line for FTSE, DOW, Russell 3000, CAC, DAX, NIKKEI, HANG SENG Pre-2008 What should ha

Financial Services Strategic Forum 7 Business is about balancing risk and reward to create value • Risk-taking is fundamental to economic reward – the challenge is to recognize which risks differentially impact business outcomes and transform how those risks are managed in order to best protect the business, enhance performance and …

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  Business, Performance, Management, Risks, Performance risk management

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