RISKS AND OPPORTUNITIES
2018 was another year of great challenges and opportunities.
The major risks businesses are and will be facing today and
tomorrow are not the same as yesterday. Within this chapter
we will share 11 types of risks and opportunities that we believe
are relevant for the banking sector, shaped by this year’s mega
trends and how they impact Garanti BBVA and our stakeholders.
Below mentioned risks and opportunities are addressed
through a variety of hard and soft controls such as Garanti BBVA’s
risk management approach and through initiatives carried
out under the framework of material issues as explained in
performance chapters and in the “Corporate Governance &
Risk Management” section.
2018 MEGA TRENDS AND RISK DRIVERS
BUSINESS
- Customer Empowerment
- The Future of Work
- Competition for Talent
- Transparency
- Efficiency
- Transition risks (regulatory landscape)
- Demand for customization
- Empowered women
- Next-Gen workforce
- Social media
- Connectivity
ECONOMY
- Sustainable finance
- Capital Allocation
- Financial Health & Inclusion
- Sharing economy
- Globalization
ENVIRONMENT
- Climate Change
- Extreme weather events & natural disasters
- Resource Scarcity
- Environmental Awareness
SOCIETY
- 21st century skills gap
- Sustainable development
- Growing inequalities
- Forced migration
- Food security
- Entrepreneurship
TECHNOLOGY
- Automation
- Big Data, IoT & AI
- Cloud
- Cybersecurity
- Blockchain & cryptocurrencies
- Data privacy & responsible use of data
- Digitization
CONTRIBUTION TO
SUSTAINABLE DEVELOPMENT
CLIMATE CHANGE ADAPTATION
SWITCHING FROM FOSSIL
FUELS TO RENEWABLES
SUPPORTING ENTREPRENEURSHIP
FINANCIAL HEALTH & INCLUSION
CONTENTS
CORPORATE GOVERNANCE PRINCIPLES COMPLIANCE REPORT
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