Authors: Li-May Chew, Michael Versace

Business Strategy
February, 2013  -  Doc # FIN239279
Number of Pages: 27
Number of Figures: 13

This IDC Financial Insights report delineates key findings from the recent IDC Financial Insights' CRO Survey from the Asian financial services institutions. Findings were aggregated from 40 CROs and their deputies across 11 Asia/Pacific nations, covering their organizations' investment considerations and process instituted for financial and enterprise risk management and opinions on the role of risk vendors, among others. This document also identifies respondents' top enterprise risk initiatives for 2013 and gauges their expectations around changes in risk budgets going forth the next 12 months.

For risk leaders at financial services institutions, this report presents a great opportunity to benchmark their risk processes and strategies against those of fellow peers. Additionally, it also provides technology vendors with an overarching view on the risk management concerns and considerations of financial institutions, and an opportunity for them to craft correlated offerings to complement the banks' risk priorities.

"Changing global dynamics call for executives to astutely manage their risk profiles to ensure that their financial institutions not only survive but thrive in this 'new normal' environment. Various forces are converging to push risk management into the consciousness of senior bankers across Asia/Pacific, and we wanted to shed light on core risk initiatives and the associated business drivers," remarked Li-May Chew, associate research director, Asia/Pacific Financial Advisory Service.

IDC Financial Insights Opinion | In This Study | Situation Overview | The Approach | Future Outlook | Essential Guidance | Learn More