Cyber risk still a top concern

Cyber risk remains the number one overall concern with investors, according to a recent survey conducted by The Depository Trust & Clearing Corporation (DTCC). An economic slowdown in Asia was listed by 22 percent of respondents of as the biggest systemic risk to the broader economy – a dramatic change from a year ago when only 1 percent of respondents ranked an economic downturn outside the European Union/USA as the biggest risk.

The study suggests that the increasing focus on macroeconomic risks is further supported by rising concerns over the US and European economy.

Said Michael Leibrock, the DTCC’s managing director and chief systemic risk officer: “We’re not surprised to see an increase in concerns about the global economy, especially in Asia where we have seen the economy slow down in China sharply in recent years compared to three decades of mostly double digit growth.”