Break down silos to manage geopolitics – risk managers

Banks should run geopolitical risk scenarios partly to establish ties between teams that otherwise operate in silos, risk managers have suggested. This makes the process useful even if actual events unfold in ways that do not match the hypothetical scenarios.

“The relationships you need to manage these events don’t happen naturally, so your treasury function may not be calling your operations team, and risk has a great role to bring the right people together and help form those relationships,”