KPMG Bahrain hosts seminar on the ‘Future of Risk’

TDT | Manama

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KPMG in Bahrain successfully held an insightful breakfast seminar, “Future of Risk,” at the Wyndham Grand, Bahrain Bay. The event brought together industry leaders and experts to discuss the evolving landscape of risk management and its implications for business continuity, growth, and resilience.

The Seminar was led by Ivan Prince, Associate Partner, KPMG Advisory Services, and featured key insights from sector specialists including Suraida Subhi, Associate Director (Financial Services); Ashish Tyagi, Associate Director (Energy and Industrial sector); and Naren Pasupalati, Manager (ESG Manager).

Addressing the gathering, Ivan Prince emphasized, “The risk landscape is becoming increasingly complex due to converging factors such as geopolitical tensions, rapid technological advancements, and regulatory shifts. Businesses must integrate advanced analytics and proactive strategies into their risk frameworks to remain resilient.”

Based on KPMG’s global report ‘Future of Risk - Building a trusted risk function to succeed in a riskier world.’ Jeyapriya Partiban, Partner and Head of Advisory, KPMG in Bahrain stated, ‘it is often a shift within the marketplace, such as regulatory changes, technological advancements, geopolitics, or major incidents (nature based or human-caused), can significantly impact organizations across multiple dimensions. Operationally, they may necessitate rapid adaptation to new processes, potentially leading to disruptions.

From a liquidity standpoint, unforeseen shifts or a domino effect from other transitional shifts can strain cash flows, impacting an organization’s ability to meet obligations. Credit risk may escalate as counterparties face similar challenges, increasing the likelihood of defaults. Moreover, failure to effectively manage these transitions can impact an organization’s reputation, eroding stakeholder trust. Proactive risk management and strategic planning are essential to navigate these evolving threats.’