Oblivious to danger

Risk governance

Operational risk managers have long recognised the need to embed a risk-aware culture throughout a large financial institution to make risk management truly effective in protecting the organisation from unforeseen losses. The recent crisis has delivered the message that 'everyone is a risk manager' to all levels within banking organisations, and firms are now making a lot of noise about integrating silos to present a more holistic view of risk. They are also working to strengthen risk governa