The demise of Risk Management and the light at the end of the tunnel
Risk Guide
NOVEMBER 5, 2022
By Horst Simon, The Risk Culture Builder. Bank regulators have been on a “capital charge”-path for a very long time. No capital charge can be a buffer for bad management of risk. History showed us that sometimes ALL the capital is not enough to save the bank from a risk event gone wrong. Then they created a thing they call conduct risk and went on a “break the bonus mission” thinking that money and incentives can reduce the risk posed by humans in a business environment o
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