Financial Services - Asia Pacific risk

July 2023

In recent years, with the disruptions in commodity markets and global supply chain, the high exposure to cyber-attacks as well as regulatory changes and business model transformations, we see the velocity of risks in Financial Services (‘FS’) has increased significantly. According to PwC’s 2022 Global Risk Survey, ~41% of the respondents in the banking industry expect to increase investment in risk management technologies by up to 10% in 2022. Managing and mitigating emerging risks have become the top agenda of our clients.

FS, although global in nature, has a number of risks that need to be considered on a country-specific basis to fully appreciate the nuances. We take a look at the top risks impacting the industry and with a distinct Asia Pacific lens, to provide a perspective on what risk professionals have on their radar.