Senior figures across the re/insurance market have agreed that chief risk officer (CRO) are facing new pressure to make themselves more relevant in boardroom decisions.
The growing complexity around risk and regulatory compliance has increased the pressure for Chief Risk Officers (CROs) to embed new thinking into their operations.
The role of the CRO is getting ever more challenging as the pressure on boards mounts, but there are important opportunities available to be grabbed.
A consistent industry approach is key
FCA and PRA are unlikely to look kindly on breaches of the new rules
Aspects of the new rules should be keeping the industry up at night
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