With the introduction of the Standardized Measurement Approach by the Basel Committee in December 2017, banks have an opportunity to reassess the mission of their operational risk departments. Marsh and Oliver Wyman collaborate to outline how banks can leverage data and resources to actively mitigate, finance, and transfer operational risks.
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Report Pivot To Digital: Engaging a Thriving Workforce for Financial Services Successfully managing the transformation to digital is a top priority for financial services executives. According to Mercer’s research, demand for full-time financial services employees will contract in the coming years due to automation and the rise of on-demand workers from external talent pools. The remaining in-house positions will be refocused to new tasks that require specific technical and analytical expertise and more relational and problem-solving skills. -
Perspective Blockchain Technology and Digital Assets: Top 10 Reasons Why Insurance Matters Blockchain technology and digital assets can offer new opportunities, including the potential to create groundbreaking new business models and manage challenges like cybersecurity, privacy, and control of confidential data. But these linked technologies are also new. And while they are rapidly growing, companies that use them face a complex environment and evolving regulations. In a new briefing, Marsh outlines the top 10 reasons why organizations using blockchain and digital assets should understand and manage the key exposures they could face. -
Perspective Digital Transformation Of The Finance Function How the finance function remains relevant in the new world of big data and analytics