Newsletter

Chicago Fed risk conference: low rates and slow growth challenge financial industry

Abstract: This Chicago Fed Letter summarizes the presentations and discussions of regulators, academics, risk-management professionals, and business leaders at the conference. These presentations and discussions focused on the close relationship between the quality of a firm?s risk-management capabilities and its performance?and even survival?in times of distress. About four years after the Great Recession, the financial services industry and its business models face a considerable number of risks, including persistently low interest rates, a slow economic recovery, and difficulty rebuilding core earnings. Moreover, the operational risks of financial firms are on the rise, as the number of cyberattacks on their websites and data systems is growing quickly; a strong defense requires capital investment from increasingly scarce resources.

Keywords: Risk management; Risk;

Bibliographic Information

Provider: Federal Reserve Bank of Chicago

Part of Series: Chicago Fed Letter

Publication Date: 2013

Issue: Nov

Order Number: 316a