Leaders in financial services worldwide predicted 2024 would be a more risky year than the two previous ones, mostly due to external factors. The directors and executives surveyed especially cited macroeconomics - interest rates and inflation - as a major concern going into the new year. The source also adds that the general level of uncertainty in 2024 was higher than in 2023: The top risk of 2024 had an average score of 6.36 out of 10, as opposed to the main risk of 2023 having an average of 5.94.
Biggest industry risks according to financial service leaders in 2024
Board members and executives; See the "Details" tab for more information about the source methodology
Method of interview
Questionnaire
Supplementary notes
The source explains that respondents were asked about the potential impact of 36 different risks on their organization over the next 12 months. They did so by rating the potential impact of each risk with a score. The lowest score - 1 - equalled "no impact at all", whereas the highest score of 10 referred to an "extensive impact." These scores reported by all respondents were then computed to an average score, to finally get ranked from the highest average to the lowest average.
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Website (Protiviti). (December 16, 2023). Biggest industry risks according to financial service leaders in 2024 [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1441154/top-risk-financial-services-industry/
Website (Protiviti). "Biggest industry risks according to financial service leaders in 2024." Chart. December 16, 2023. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1441154/top-risk-financial-services-industry/
Website (Protiviti). (2023). Biggest industry risks according to financial service leaders in 2024. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1441154/top-risk-financial-services-industry/
Website (Protiviti). "Biggest Industry Risks According to Financial Service Leaders in 2024." Statista, Statista Inc., 16 Dec 2023, https://www.statista.com/statistics/1441154/top-risk-financial-services-industry/
Website (Protiviti), Biggest industry risks according to financial service leaders in 2024 Statista, https://www.statista.com/statistics/1441154/top-risk-financial-services-industry/ (last visited November 22, 2024)
Biggest industry risks according to financial service leaders in 2024 [Graph], Website (Protiviti), December 16, 2023. [Online]. Available: https://www.statista.com/statistics/1441154/top-risk-financial-services-industry/
