Main drivers of operational risk among European banks 2022

Main drivers of operational risk for the banking sector in Europe according to European banks and analysts in 2022

Banks

Analysts

Cyber risk and data security

75%

82%

Conduct and legal risk

45%

9%

Geopolitical risk

33%

82%

Fraud

23%

0%

IT failures

17%

18%

Money laundering and terrorism financing

15%

18%

Other

13%

0%

Regulatory initiatives

13%

9%

Risk of non compliance with financial sanctions

13%

64%

Outsourcing

10%

9%

Organizational change

10%

0%

Climate change

2%

0%

Banks

Analysts

Cyber risk and data security

75%

82%

Conduct and legal risk

45%

9%

Geopolitical risk

33%

82%

Fraud

23%

0%

IT failures

17%

18%

Money laundering and terrorism financing

15%

18%

Other

13%

0%

Regulatory initiatives

13%

9%

Risk of non compliance with financial sanctions

13%

64%

Outsourcing

10%

9%

Organizational change

10%

0%

Climate change

2%

0%

Banks

Analysts

Cyber risk and data security

75%

82%

Conduct and legal risk

45%

9%

Geopolitical risk

33%

82%

Fraud

23%

0%

IT failures

17%

18%

Money laundering and terrorism financing

15%

18%

Other

13%

0%

Regulatory initiatives

13%

9%

Risk of non compliance with financial sanctions

13%

64%

Outsourcing

10%

9%

Organizational change

10%

0%

Climate change

2%

0%

Banks

Analysts

Cyber risk and data security

75%

82%

Conduct and legal risk

45%

9%

Geopolitical risk

33%

82%

Fraud

23%

0%

IT failures

17%

18%

Money laundering and terrorism financing

15%

18%

Other

13%

0%

Regulatory initiatives

13%

9%

Risk of non compliance with financial sanctions

13%

64%

Outsourcing

10%

9%

Organizational change

10%

0%

Climate change

2%

0%

Statista, 2022