Welcome to the annual RiskBusiness Key Business Concerns Report, 2024. Each year, we analyse the industry’s risk surveys and news to identify some of the most pressing issues impacting financial institutions in the year ahead. Every year brings new challenges for those responsible for risk management, compliance and related roles. This year is no different, with the growth of generative artificial intelligence, the ever-present threat of the impact of climate change and mushrooming regulatory requirements set against the backdrop of escalating conflict. As always, the key business concerns laid out in this report are done so in no particular order, but comprise the issues most highlighted across key industry surveys and in the media.