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BrackenApril 15

Banks’ risk function needs updating to deal with geopolitical threats

Rising concerns over wars and armed conflicts should be matched by actions to improve risk management practices
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Banks’ risk function needs updating to deal with geopolitical threatsEvgueni Ivantsov, chair of the European Risk Management Council

The writer is the chair of the European Risk Management Council

Banks are increasingly concerned about a threat that is usually considered of “second order”: geopolitical risk. The latest risk sentiment survey by the organisation I chair, the European Risk Management Council, revealed such worries. This is understandable, given current conflicts in Europe and the Middle East.

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