Operational risk and agility

January 2023

On November 17 in London and December 6 in New York, Bank Governance Leadership Network (BGLN) participants met to discuss enhancing operational resilience and agility in banking in the face of the risks and challenges posed by the current geopolitical and macroeconomic climate. This ViewPoints synthesizes these and related discussions with network participants over the course of the second half of 2022. It is structured around the following themes:

  • Geopolitical volatility is driving fundamental changes to the operating landscape
  • Banks are exploring changes to operations and technology to improve agility and resilience
  • Heightened nonfinancial risks are challenging management and oversight