1、Emerging Risks Risk management in turbulent times WhitepaperJune 2025ContentsIntroduction 4Key Takeaways 5Proposition 1 Effective risk management is fast,forward-looking and identifies connections.6Proposition 2Banks today need an emerging risk manager.8Proposition 3(Emerging)risk management is a ma

2、tter of culture.14Proposition 4Emerging risk management requires an active supervisory body as a driving force,taking a more proactive role in risk management.18Summary&outlook 20Contact 222Emerging Risks 2025 KPMG AG Wirtschaftsprfungsgesellschaft,a corporation under German law and a member firm of

3、 the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.3Emerging Risks 2025 KPMG AG Wirtschaftsprfungsgesellschaft,a corporation under German law and a member firm of the KPMG global orga

4、nization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.1 handelszeitung.ch/banking/bundesbank-vorstand-theurer-fur-banken-ziehen-dunkle-wolken-auf-780254,accessed on May 30,2025 2 https:/ on May 30,2025 Figur

5、e 1:World Uncertainty Index 1990 to 2025First Gulf WarU.S.recession and 9/11Iraq war and SARS outbreakEuropean sovereign debt crisisFed tightening and political risks in Greece and UkraineGeopolitical tensions and collapse of the Silicon Valley Bank,the Signature Bank and Credit SuisseU.S.fiscal cli

6、ff and European sovereign debt crisisU.S.presidential electionTrade tensions between USA and China,and BrexitCOVID-19 pandemic U.S.election and geopolitical situationBrexitRussia-Ukraine warGlobal financial crisis60.00050.00040.00030.00020.00010.00001990 Q11994 Q21998 Q32002 Q42007 Q12011 Q22015 Q32