Let's take that as an editorial oversight, and pick through the highlights;
- Unsurprisingly, economic conditions and regulatory change/scrutiny are top of the financial services hitlist of 'top risks' (and indeed other industries)
- CROs and Chief Audit Executives were less likely to rate a risk "less significant" than their first-line counterparts - nest feathering or legitimate conservatism?
- Financial services considerably more likely to deploy additional resource to enhance risk management capabilities in the next year
There is also a "suggested questions for Boards" list at the back, which covers (albeit in a rather flannel-y fashion) the kind of items which emerged in the FSB's risk governance recommendations from earlier in the week, such as;
- Is the Board sufficiently involved in/informed of the risk assessment process regarding the implementation of strategy (mergers & acquisitions, new lines etc)?
- Is the MI around the Risk Profile sufficient?
- Is there an existing emerging risk management process?
- Is the risk profile consistent with risk appetite?
A decent piece to run through your NEDs at the very worst, and potentially of some use for your emerging risk/reverse stress testing activities for 2013.