The post 2009-era of enhanced regulations like Dodd Frank, Comprehensive Capital Analysis and Review (CCAR) and Basel III has had a significant impact on how financial institutions manage risk. These changes have also highlighted the weaknesses in the structures and processes banks currently rely on to manage risk.

In this paper, we present Capgemini’s observations and perspectives with respect to the state of enterprise risk management (ERM) in organizations today. Aside from emphasizing and identifying issues which impede the effectiveness of ERM programs, our focus is on the changes that are transpiring in terms of how banks manage risk and the impact these have on people, processes and technologies.