Survey: Risk chiefs feeling pressure from growing compliance mandates
Mounting compliance requirements and technological innovations have chief risk officers (CROs) facing more complex risk environments, according to a new report.
A survey of 390 CROs conducted by KPMG and Forbes Insight found those in the position feel pressure in five key areas: de-risking, growth and strategy, regulatory compliance, effectiveness and efficiency, and costs.
The survey took place from July to September and was limited to CROs representing companies across six industry sectors. Respondents worked for companies with at least $4 billion in annual sales or $25 billion in assets under management. The results of the survey were published Wednesday.