Risk control 2022: what’s now and what’s next?

Amid a complex and rapidly changing threat landscape, pressure is growing on investment banks to improve the robustness of risk controls across their organisations and take a more forward-looking view of operational risk.

This Risk.net survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control.

Among the findings we reveal:

• The three most challenging aspects of the risk control function
• The top actions banks are taking to improve risk control effectiveness
• Why the Risk Control Self Assessment (RCSA) process is due for an overhaul