This report from Ernst & Young explores the global top 10 risks facing businesses in 2010. The research findings suggest that the most important business risks identified are concentrated in the areas of regulation and compliance. Many of these threats are related to the aftermath of the global financial crisis. Asset management, banking, and to a lesser extent, insurance, are facing a political backlash and regulatory overhaul following the global financial crisis. Oil and gas, real estate and mining and metals are contending with efforts by cash-strapped governments to gain revenues. And public sector organizations must cope with knee-jerk decisions made by political leaders under pressure.
For the study a panel of more than 70 industry executives and analysts representing 14 industry sectors, were asked to identify and rank the top business risks for 2010, as well as risks “below the radar” that could rise into the top 10 in years ahead.
- Regulation and compliance (2)
- Access to credit (1)
- Slow recovery or double-dip recession (No change)
- Managing talent (7)
- Emerging markets (12)
- Cost cutting (No change)
- Non-traditional entrants (5)
- Radical greening (4)
- Social acceptance risk and corporate social responsibility (New)
- Executing alliances and transactions (8)