Bank Risk Management in the Age of Disruption: An Action Plan for Board Directors and Chief Risk Officers

We are living in disruptive times. Enterprise value is being destroyed (and created) at an unprecedented speed. A recent McKinsey study found the average time a company is listed in the S&P 500 has dropped from 61 years in 1958 to less than 18 years today. McKinsey estimates that 75% of S&P 500 companies today will disappear from the index by 2027.  

A major source of this disruption is the confluence of traditional and emerging risks. Traditi…