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