Three Rs for 2015: Breaking Down Risk Roadblocks

From a risk and regulation perspective, 2015 will be anything but dull. The Basel rules and Dodd-Frank will continue to keep banks busy, and purse strings will draw ever tighter as regulation consumes even more budget in the area of risk IT. As risk managers continue to battle the regulatory burden, this situation has become an all-encompassing norm that defines the function of risk as we know it today. There are three major roadblocks - three Rs - that that the industry needs to attack in full force to ensure not only regulatory compliance but robust performance and profitability: risk at inception, risk alignment and right-time risk.