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New FINMA requirements in Switzerland: the challenges for financial institutions with regard to governance and risk management

Throughout the private and public sector there is a growing need to embrace risk management strategies in order to remain flexible and resilient enough to weather global uncertainty. It is important to note that it is not just financial institutions and banks which need to manage risk, but rather all sectors can benefit from increasing their risk resiliency. The key is combined both agility and resilience into institutional planning, as one without the other merely adds additional risks.