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Guidance on Supervisory Interaction with Financial Institutions on Risk Culture
Company: Financial Stability Board
Company Url: Click here to open
Year Of Publication: 2014
Month Of Publication: April
Pages: 14
Download Count: 6
View Count: 1288
Comment Num: 0
Language: English
Source: regulatory material
Who Can Read: Free
Date: 4-10-2014
Publisher: Administrator
This paper identifies some foundational elements that contribute to the promotion of a sound risk culture within a financial institution (see Section 1), and will evolve as more experience is gained and additional insights are garnered. It also aims to assist supervisors in identifying practices, behaviours and attitudes that may influence the institution's risk culture (see Section 2). The paper does not define a "target" culture but provides guidance for supervisors to assess the soundness and effectiveness of a financial institution's risk culture (see Section 3).
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