McKinsey on Risk & Resilience Issue 18 cover
Number 18, December 2024

McKinsey on Risk & Resilience, Number 18, December 2024

In this latest issue of McKinsey on Risk & Resilience, companies are dedicating the resources needed to move the risk management function from compliance to excellence.

Change is happening faster than ever, creating unprecedented challenges for organizations and their risk functions. Today, leaders are unable to rely on previous experience and analysis to manage and mitigate future outcomes. Crises that took weeks or months to develop, now may happen in days or hours. No one feels these changes more than the chief risk officer (CRO), a role that was previously limited to risk, yet now is about building long-term resilience.

Together, our research and insights underscore the need to build maturity and excellence across the risk function, which in turn, helps to drive long-term resilience across an entire organization from top to bottom.

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Articles in this issue

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Article

The six habits of highly successful chief risk officers

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Our interviews with top CROs reveal practices risk leaders at financial institutions can use to expand their influence and build greater resilience in their organizations amid unrelenting change.
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Article

The cybersecurity provider’s next opportunity: Making AI safer

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New technology means new challenges—and new solutions—for cybersecurity providers.
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Article

Elevating the risk function in insurance: Building a strategic advantage

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Today’s rapidly developing risk landscape demands a new, more nimble approach for insurance companies to assess and respond to risks, a function inherently in their DNA.
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Article

BCBS 239 2.0 resurgence: Strengthening risk management and decision making

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A renewed focus on the 2013 data risk management regulatory standard poses new challenges and opportunities for European and US banks. Achieving compliance will take a structured, top-led approach.
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McKinsey Direct

The European Union AI Act: Time to start preparing

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A successful digital future depends on responsible use of AI. The EU AI Act marks a significant step in regulating AI systems and could serve as a blueprint for other jurisdictions.
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