The transformation of the risk landscape

Black swans turn grey is a thought provoking paper looking at how the landscape of risk is changing from a past environment where boards believed their organisations could manage and control risks to the present where established risk approaches and thinking are being repeatedly outpaced.

For organisations and boards charged with managing risk in this new reality, the fact that fundamental changes are underway is relatively easy to spot. But it’s much harder for them to define what’s driving this reshaping, and how they should respond.

By understanding the new risk landscape we believe organisations can begin to realise the key business benefits that will help them progress from managing specific risks to achieving wider resilience in the new risk and uncertainty landscape.

By being involved in the evolution and expansion of an organisation’s risk management framework, Treasury can help achieve wider resilience to unforeseen events.

Read the full paper at:

http://www.pwc.co.uk/governance-risk-compliance/issues/risk-practices-black-swans-turn-grey-the-transformation-of-the-risk-landscape.jhtml