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How has risk management changed since the crisis

A decade on from the financial crisis in 2008, there are still no coherent guidelines for risk in financial services. Peter Neville Lewis looks at the challenges and provides answers

Today’s risk professional faces multiple challenges, many of them happening at unprecedented speed. Information and data technology, globalisation and the constant threat of people doing the wrong thing all present their own concerns.

The biggest changes that businesses and people now encounter are mainly driven by IT. Yet, in terms of its usefulness to business, this information and communication phenomenon is just over 30 years old in actual terms, and around 20 when you consider the progress made once mobile technology joined the fore.