Sound Risk Culture and Risk Culture Programs: An Evolving Necessity

摘要

In sum, banks need to have-and many have-a sound risk culture. Today, what is meant by risk culture and a risk culture program has become more clearly articulated by the regulatory community. However, the rules and expectations that the regulatory community applies to risk culture programs will evolve over the next several years. One thing is clear: A strong risk culture and risk culture program will be increasingly important to the regulators. All banks should take these regulatory concerns very seriously.