Global: The 2019 AFP Risk Survey - The Evolving Treasury Ecosystem
Source: Asia Insurance Review | Mar 2019
Strategic and financial risks, along with cyber security, will dominate the risk landscape for the next 18 to 36 months. The 2019 AFP Risk Survey: The Evolving Treasury Ecosystem, prepared by the Association for Financial Professionals with the support of Marsh & McLennan Insights, captures updates on the challenges facing finance and treasury professionals.
The annual survey reflects the views of nearly 400 treasury professionals and highlights how the function is focused on ensuring there is a capital structure in place that fulfils their organisation’s underlying goals as they navigate the deep disruption occurring across all economic sectors.
Treasury and financial professionals are also very aware of the extent of cyber attacks and attempts at fraud and data theft of their organisation’s financial and customer data.
This reinforces the findings from global surveys such as the World Economic Forum’s (WEF) annual Executive Opinion Survey which noted malicious action from cyber attackers and data fraud/theft as the top risks to doing business in the US and Canada.
Further, financial risks are increasingly complicated by the economic frictions between major powers, as highlighted by 90% of respondents to the 2019 WEF Global Risks Report 2019.
In the face of these external challenges, this year’s risk survey continues to examine how the treasury department is supporting the broader organisation. A