PwC's 2020 Global Risk Study: The benefits of risk function collaboration

In this episode, Mike Maali joins Brian Schwartz to discuss the results, implications and opportunities from PwC's 2020 Global Risk Study, in which a major theme uncovered was the need for better risk function collaboration as risks become more complex and interconnected.We discuss the following questions:1:08 - Why is collaboration becoming such an imperative for risk functions today?3:17 - What can happen if risk functions do not collaborate?5:15 - Where are most risk functions on collaboration journey today?7:02 - Why is it difficult to break down the silos between risk functions to get on their journey?10:18 - What are some of the tangible benefits when risk functions are collaborating?11:44 - What pragmatic actions should companies take to increase risk function collaboration?https://www.pwc.com/us/en/services/risk-assurance/podcasts/2020-global-risk-study-risk-visibility.html

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This series is focused on helping you to assure confidence in the controls, systems and processes that drive your business forward. Podcasts feature PwC specialists that work with clients every day to address today’s most compelling topics and challenges related to digital risk and transformation, internal audit, risk management, compliance and trust and transparency.