SUMMARY:
The results of our 2018 risk outlook survey highlighted some key risks trends. First and foremost, cyber risk remains the top risk for the second year in a row both at the institution and system levels. Industry disruption, which was not a prevalent risk last year, has risen to be a considerable risk for all firm types.
The continued rise of right wing populism in the US and EU, paired with policy and global trade uncertainty have driven geopolitical risk to the forefront.
The results of our survey show that Canadian firms are very confident in their own ability to withstand risks however are less confident in the Canadian Financial System’s ability as compared to last year.
Overall, the economic outlooks for Canada, the EU and China/Asia have improved year over year, while confidence in the US has decreased.