Risk USA: Changing risk culture means higher staffing costs

Concept image representing strategic staffing

Large financial institutions are facing increased staffing requirements in the face of a changing risk culture, Richard Ferguson, chief risk officer (CRO), Americas, Deutsche Bank told the Risk USA conference yesterday.

The CRO, speaking on a panel about leadership and risk culture, told delegates that because of the make-up of large financial institutions, risk culture has shifted significantly over the past five years and will continue to shift, hence the need for greater resources.

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