Help Shape the Industry’s Risk Outlook

Risk is moving fast—and not always in tidy categories. 

Cybersecurity, fraud, AI, credit, regulation, third-party exposure, operational resilience, and efficiency pressure are increasingly tangled together. For banks, the priority is to understand which risks require attention now, which ones are gaining momentum, and whether risk functions are adapting quickly enough. 

That is the purpose of ProSight’s Risk Outlook Survey, which is open now. The survey asks leaders across risk, compliance, operations, technology, finance, legal, and the lines of business to share what they are seeing now and what they expect next. 

Last year’s survey offered a useful baseline. Technology and cyber risk ranked as the top current risk, cited by 74% of respondents. Fraud and financial crime ranked second, named by 55%. Strategic risk and digital disruption tied for third among current risks and ranked as the clear No. 1 emerging risk. Meanwhile, AI was moving from pilots into production, even as governance frameworks remained early-stage. 

This year’s survey asks how that picture is changing. 

Which risks are rising now? The survey asks institutions to identify their top current and emerging risks, including cyber, fraud, model risk, third-party risk, operational resilience, geopolitical risk, strategic disruption, AI-related risk, and credit. The cyber question has only become more pressing as Claude Mythos and other AI-enabled cyber capabilities sharpen attention on how quickly advanced models can surface software vulnerabilities. 

How are credit and economic expectations shifting? Last year, 46% of respondents cited the possibility of a recession as a top emerging risk. This year’s survey gives leaders a way to say where concern sits now as they assess the 2027 macroeconomic, consumer credit, and commercial credit environments.  The current backdrop remains mixed, with nonfarm payroll employment down by 23,000 in July, unemployment at 4.1%, and CPI inflation easing slightly to 3.4% from a year earlier after a 0.1% monthly increase. 

Where is regulation changing behavior? The questionnaire asks where institutions have noticed regulatory pullback, where pressure may intensify, and whether oversight has become less prescriptive about process and more focused on risk management outcomes. 

Is AI becoming part of the risk operating model? Last year, 54% of banks had adopted AI in production, and 48% expected to deploy AI in risk within one to two years. In the August ProSight Executive Report, an article highlighted efficiency, optimization, and pattern recognition as common reasons risk and compliance teams are turning to AI.  This year’s survey asks where AI can transform risk programs, what obstacles remain, and how developed institutions’ AI risk appetite, controls, governance, infrastructure, and training have become. 

The takeaway: The risk agenda is changing quickly, and the industry benefits from a clearer view of which risks are rising, receding, and becoming more connected. 

Take the Risk Outlook Survey to share what you are seeing—and help ProSight capture how financial institutions are preparing for what comes next.