Richard Apostolik, president and CEO of the Global Association of Risk Professionals

China has made risk management a priority for the financial services industry and the country. "It's been very clear about this priority."

"Recognizing the importance of risk management at the most senior levels of the government embeds it into the country's corporate psyche, from the most junior to the most senior levels in an organization, and will help reduce or avoiding negative outcomes while building a solid foundation for rapid and continued growth," Apostolik said.