GAUGING THE MARKET
compliance , particularly in light of new regulations such as the UK ’ s emerging climate change rules and the global standard for sustainability reporting .
Looking further at the role of technology , financial organisations seem cautious about the use of Generative AI , with 35 % in the UK saying that they are already using it but have limited or no plans to further expand its implementation over the next 12 months .
The study also points to a shift in operational resilience , with 59 % of organisations assigning significant budget to integrate operational resilience into their enterprise risk management frameworks . This reflects a proactive approach to risk management , moving from a reactive stance to an anticipatory one , acknowledging that disruption is not a matter of ‘ if ’ but ‘ when ’.
Another significant trend is the heightened focus on third party risk management ( TPRM ). With over two-thirds ( 68 %) of
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