From small acorns...

"God grant me the serenity to accept the things I cannot change; courage to change the things I can; and wisdom to know the difference." The classic serenity prayer by Reinhold Niebuhr is probably no more applicable than when talking about culture. In my previous articles on this subject, I talked about characteristics of corporate culture, attributes of a sound risk culture, some of the typical barriers we face in trying to build a better risk culture, and finally some realistic goals to be

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Investment banks: the future of risk control

This Risk.net survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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