Managing today's geopolitical risks

A financial services guide

In an era of ongoing global challenges, navigating the complexities of today's geopolitical landscape demands careful consideration and proactive measures. From escalating geopolitical tensions to fluctuating economic conditions, businesses encounter a diverse array of risks that require decisive attention. In response to these evolving dynamics, forward-thinking organisations are taking decisive action, focusing on understanding and addressing geopolitical risks to fortify their operations and ensure long-term resilience.

Recognising the critical importance of addressing these challenges, KPMG International is pleased to release its latest paper, "Managing today's geopolitical risks: A financial services guide.” This guide delves into effective strategies tailored to the unique needs of financial institutions, providing actionable insights and recommendations for navigating the complex and uncertain geopolitical environment of today. Explore three essential steps towards a new paradigm of geopolitical risk management:

1. Geopolitical risk drivers: By analysing influential megatrends such as global fragmentation and disruptive technologies, organisations can develop effective risk management strategies amidst the inherent complexity of geopolitical risks.

2. No need to reinvent the wheel: Utilising established risk analysis methods, organisations can pivot towards scenario planning and resilience-building to effectively mitigate geopolitical risks, prioritising key drivers and conducting impact assessments.

3. The only bad strategy is no strategy: Proactive risk management is indispensable. Informed strategies, tailored to unique circumstances and supported by expertise and ongoing assessment, are essential for navigating uncertainty with confidence.

By embracing these principles, organisations can transform geopolitical challenges into opportunities for growth and resilience. Download the full paper to gain deeper insights and help ensure the resilience of your organisation in an ever-changing world.