RMA Creates Model for Managing Emerging Risk

Because the ultimate impact of an emerging risk and the shape it will take are unknowable, financial institutions have a difficult time accounting for such threats in their risk appetites and frameworks— if they account for them at all. But we have seen time and again that the failure to anticipate and respond to emerging risks can lead to an existential crisis for an organization. Compounding that, due to rapid advances in technology, the 24-hour news cycle, and overall global interconnec…