Magazine

15 Years of CeFPro and Risk: What Have We Really Learned?

Marking CeFPro’s fifteenth anniversary, Andreas Simou reflects on how risk management has evolved since the aftermath of the global financial crisis. While risk categories, regulations and technologies have changed dramatically, the underlying principles of effective risk management remain largely the same. The article traces the evolution of industry priorities from capital and liquidity management to cyber resilience, third-party risk, operational resilience, geopolitical uncertainty and artificial intelligence. Simou highlights key lessons learned from major industry events, including governance failures, financial crises, digital transformation and emerging systemic threats.