UK Risk Network 2019 | The Network Group Events | 7 October 2019 | Sopwell House, Cottonmill Ln, St Albans AL1 2HQ, UK

The risk function within the financial services industry is undergoing significant change. Impending regulations including ICAAP/ILAAP, SMA and GDPR look to fundamentally alter the application of regulations within financial services organisational frameworks to gain a greater focus on market, credit and operational risk. The risk function will require more flexibility than ever to put previous working models to best use for competitive advantage. However, with increasing internal controls to satisfy compliance this will affect the cost of day to day operations as well as profitability.
The global markets are also seeing complete upheaval combined with uncertainty at an all-time high with threats and requirements such as the ever increasing cyber risk, the UK’s exit from the European Union and the ongoing standardisation of the industry. One thing is clear – Risk management needs to form an integral part of business management.