Top 10 op risks 2023: regulatory risk jumps sharply

Cyber and third-party risks also rise, along with concerns around data management and execution errors


Click here to read the full Top 10 Op Risks for 2023

Fifteen years ago, the financial crisis sparked regulatory reform in almost every corner of the market. Today, the fear of mis-steps continues to dog the world’s largest firms, with regulatory compliance rocketing from tenth to second place in this year’s top 10 operational risk rankings.

A senior risk manager at one of the world’s largest banks reels off a list of concerns new and old, including disparate incoming regulatory

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