{
  "docId": "019dd923-5de0-76bd-a165-6cfb0aa2a879",
  "docSlug": "61478fa335f5511c",
  "documentTitle": "Seeking stability within volatility: How interdependent risks put CROs at the heart of the banking business",
  "authorId": "misc",
  "authorName": "EY",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "portrait",
  "aspectRatio": 0.707,
  "pageNumber": 16,
  "pageCount": 25,
  "prevPage": 15,
  "nextPage": 17,
  "slideType": "industry_trends",
  "function": "analyze_data",
  "density": "overcrowded",
  "nDataPoints": 22,
  "notes": "Contains two bar charts and one data table regarding CRO survey results.",
  "elementsJson": [
    "paragraph",
    "bar_chart_horizontal",
    "data_table",
    "quote_block"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5de0-76bd-a165-6cfb0aa2a879/16",
  "deckHref": "/decks/019dd923-5de0-76bd-a165-6cfb0aa2a879",
  "deckJsonHref": "/decks/019dd923-5de0-76bd-a165-6cfb0aa2a879.json",
  "deckAnchorHref": "/decks/019dd923-5de0-76bd-a165-6cfb0aa2a879#slide-16",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "The implosion of large crypto exchanges in the Fall of 2022 served as a reminder of the need for robust risk management practices at digital-native firms, FinTechs and all non-traditional financial services firms.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd951-f385-7630-9b29-57002d925f18",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.23,
        "x": 0.26,
        "y": 0.25
      },
      "kind": "chart",
      "text": "Figure 16: Top ways digital transformation will accelerate in the next three years",
      "attrs": null,
      "subkind": "bar-horizontal",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ab839074-15cb-431c-ace2-0a6a14cfa546",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.21,
        "x": 0.75,
        "y": 0.51
      },
      "kind": "chart",
      "text": "Figure 17: Top changes you will need to make to your enterprise risk management approach...",
      "attrs": null,
      "subkind": "bar-horizontal",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cd4dac06-25dd-4836-8494-df9ecfab7733",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Percentage of respondents: 58%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd951-f385-7630-9b29-5ff2af708aff",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.23,
        "x": 0.04,
        "y": 0.55
      },
      "kind": "paragraph",
      "text": "The growing risks of necessary transformation programs: Banks are looking to digital channels for both future growth and increased operational efficiency...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "177130b0-aca5-43a1-bb79-dced202140aa",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.23,
        "x": 0.04,
        "y": 0.11
      },
      "kind": "paragraph",
      "text": "The higher cost of controls: Given the expanding need for more robust controls, it's no surprise that 85% of respondents expect the cost of controls to go up in the next three years...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "32dccbd1-a61a-4b16-bb69-4e7868cf72ee",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.21,
        "x": 0.53,
        "y": 0.6
      },
      "kind": "quote",
      "text": "We could play in the [digital asset] space but the regulators are unfamiliar. We will stay out of it until we have a good understanding...",
      "attrs": null,
      "subkind": "pull-quote",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ac5fe716-d4bd-4866-b6d3-f25eef57cce4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "We could play in the [digital asset] space but the regulators are unfamiliar. We will stay out of it until we have a good understanding of what we can do with it as a bank and what is an appropriate service or solution to offer our customers and that our regulators will be comfortable with. – CRO survey respondent",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd951-f385-7630-9b29-5ab482b48598",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.18,
        "w": 0.43,
        "x": 0.53,
        "y": 0.11
      },
      "kind": "table",
      "text": "Patience with digital assets: CROs seem to be in 'wait-and-see' mode...",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d1e52a92-c9af-4a55-a189-6efcf6613f74",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 22,
      "from": 9,
      "beatId": "dcb81cdd-58db-4378-a529-d668d0f01dfc",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Solution & Approach",
      "beatSlug": "consultants-gambit-solution-approach",
      "evidence": "The document presents solutions, including digital transformation and building a high-performing risk management function.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [
    {
      "to": 22,
      "from": 5,
      "name": "Golden Circle",
      "slug": "11-golden-circle",
      "bestFor": "Visionary leadership, brand positioning, mission statements",
      "matchId": "ce87d78c-07a1-4f31-9d01-ad1f95bbc334",
      "evidence": "The document presents a logical argument, using data and industry trends to support the importance of CROs.",
      "position": 0,
      "objective": "Why CROs are crucial in managing interdependent risks",
      "structure": "The Why (Belief) -> The How (Process) -> The What (Result)",
      "confidence": 0.7,
      "description": "Invert the typical pitch by starting with why you exist, rather than what you do"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}