Time to build a practice for identifying geopolitical and macro risks (or emerging risks)

At our Oct 2022 ERM Summit we asked a group of risk leaders about the importance of geopolitical and macro risks. Their responses are are:.Top risks

About 70% agreed that geopolitical and macro risks are a top risk and almost 70% agreed that these risks will have a major impact. What is surprising is that only slightly over 50% had a practice to identify these risks in a timely fashion.

My Risk Acumen takeaway is that ERM leaders should consider or reconsider their approach to identifying these risks in a timely fashion.