3 Core ingredients of a Strong Risk Management Culture.

Basel’s Principles for the Sound Management of Operational Risk defines risk culture as “the combined set of individual and corporate values, attitudes, competencies and behavior that determine a firm’s commitment to and style of operational risk management.” It is no coincidence that — of the 11 principles Basel cites — risk culture is at the core of the very first principle:. Strong risk culture is ONLY achievable in concert with strong firm-wide culture.

Be smart make sure you have Risk Documentation that is current, objective and actionable.

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John Thackeray