Risks to Europe: Identification, evaluation, mitigation
The EU defines risk management capability as ‘the ability of a Member State or its regions to reduce, adapt to or mitigate risks (impacts and likelihood of a disaster), identified in its risk assessments to levels that are acceptable in that Member State’. The approach is focused on the prevention of natural and man-made disasters setting out an overall disaster prevention framework and proposing measures to minimise the impacts of disasters.
Risk management capability is assessed in terms of the ‘technical, financial and administrative capacity’ of a Member State, either at national or the appropriate sub-national level, to carry out adequate (a) risk assessments; (b) risk management planning for prevention and preparedness; and (c) risk prevention and preparedness measures.
As the world becomes more complex and interconnected, sudden and dramatic breakdowns — future shocks — become more likely, such as global supply chain risk, bilateral trade wars, populism, extinction, economic/ financial crises.
But the European Commission currently lacks an overarching function looking at the growing number of risks – environmental, cyber, systemic, geo-political – affecting Europe.
EURACTIV invites you to this high-level forum, co-inciding with the publication and presentation at WEF 2019 of Zurich’s 14th edition of the ‘Global Risks Report’, to discuss the different risks facing Europe in 2019 and how the Commission and Member States can best confront them.
Questions will include:
- How should ‘risk assessment’ be defined?
- What role for technological, scientific and financial resources to manage the evolving global risks landscape?
- How can we manage the increasingly complex systemic risks we face?
- How can we build a more resilient tomorrow and act with a stronger sense of urgency to avoid a potential system collapse?
- How can businesses best prepare and respond to global risks?
EURACTIV Network Office
Boulevard Charlemagne 1, 1041 Brussels
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Despina Spanou, Director, Digital Society, Trust & Cybersecurity, DG CNECT, European Commission
Elena Višnar Malinovská, Head of Unit, Adaptation, DG CLIMA, European Commission
Suzana Carp, Head of EU Engagement, Sandbag
Stefan Duchateau, Professor, Professor, Financial Risk Management, Research Centre for Finance, KU Leuven
Alison Martin, Group Chief Risk Officer, Zurich
Brian Maguire, Journalist, EURACTIV
12:00 – 12:30 Registration
12:30 – 13:00 Opening statements
13:00 – 14:00 Discussion and Q&A
14:00 – 15:00 Networking reception
+32 (0) 2 788 36 93
Nations across the globe should step up preparations against global risks such as climate change and cyber attacks, EU officials say, as these areas remain the most pressing for global experts surveyed ahead of this year's World Economic Forum (WEF) taking place in Davos next week.