Discussing the top three risks for financial institutions, specifically asset management: data loss, regulatory breach, and cyber attack.
In this video, our specialists discuss the key findings from the Global Directors and Officers Survey 2024/2025. They discuss the top three risks for financial institutions, specifically asset management: data loss, regulatory breach, and cyber attack. Our speakers flag that while these risks are not surprising, the order in which they are ranked may be, highlighting the vulnerability of clients to attacks, particularly concerning client and portfolio data.
Richard and Simon delve into the claims they are seeing in the market and how they align with the survey's findings. They note that health and safety has emerged as a top risk, reflecting changes in employer-employee relations within the asset management sector. There has been a notable increase in claims related to age, disability, and sexual harassment, indicating a growing trend that asset managers need to address.
This discussion provides valuable insights for asset managers, emphasizing the need for robust risk management strategies to protect both clients and employees.
