The Top Risks for 2020, According to RMA

The Board of The Risk Management Association has identified eight key risks that financial institutions should be especially focused on heading into 2020. In alphabetical order, those risks are:

  • Climate change
  • Credit cycle
  • Cybersecurity
  • Geopolitical
  • LIBOR transition
  • Talent
  • Technology/transition
  • Third-party


RMA provides numerous resources to keep you informed of the latest industry thinking on these risks. Below is a sampling of those resources. Please visit our website, www.rmahq.org, for more articles, podcasts, and blog posts on these risks.

Climate Change and Country Risk
Louis de Fauconval, senior country risk analyst, BNP Paribas
https://www.rmahq.org/climate-change-and-country-risk-article/

Cybersecurity Readiness as a Business Value
Stephany Head, Ph.D. and Paul Cunningham
https://www.rmahq.org/cybersecurity-readiness-as-a-business-value/

Flying Blind into the Next Recession? Part 5: Be Alert as the Credit Cycle Grows Old
Rick Buczynski, Ph.D, chief economist, IBISWorld and Dev Strischek, RMA author and instructor
https://www.rmahq.org/flying-blind-into-the-next-recession-part-5-be-alert-as-the-credit-cycle-grows-old/

Managing Risk in Asia-Pacific
Chris Yip, RMA relationship manager in Asia
https://www.rmahq.org/managing-risk-in-asia-pacific/

LIBOR Transition Guide
RMA
https://www.rmahq.org/rma-libor-transition-guide/

Why Banking Is Not Boring
Maureen R. McCarthy, director of corporate credit policy, Brookline Bancorp
https://www.rmahq.org/why-banking-is-not-boring/

Hardening the Chain: Blockchain and Operational Risk Management
Jonathan Rosenoer, IBM master inventor
https://www.rmahq.org/hardening-the-chain-dlt-and-operational-risk-management/

Third-Party Risk Management: Raising the Bar on Information and Cybersecurity Risk Management Practices
Linda Tuck Chapman, president, Ontala Performance Solutions
https://www.rmahq.org/raising-the-bar-on-information-and-cybersecurity-risk-management-practices/

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