Financial institutions are increasingly having to deal with external events – like the COVID-19 pandemic – that can engulf their businesses’ operations and bottom lines. Using data collected in a survey of 45 international banking firms, professionals at the Boston Consulting Group assessed the sector’s readiness to manage catastrophic risks from climate change, pandemics, cybersecurity attacks and other issues. Executives, investors and financial stakeholders will find this an astute and authoritative examination of how bankers are taking exogenous risk into account.
About the Authors
Kenneth Wee, Kirill Katsov, Chi Lai and Zubin Mogul are professionals with the Boston Consulting Group.