In a recent opinion piece in The Globe and Mail, journalist Rita Trichur argues that chief risk officers (CRO) in the financial industry have increasingly challenging roles, often receiving little recognition when they prevent crises but taking the blame when disasters occur.
In recent years, the CRO role has steadily expanded and become more complex due to evolving risk management challenges. In addition to addressing traditional financial risks like liquidity and credit, they must contend with emerging non-financial risks like AI, climate change, cryptocurrency, and foreign interference.
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