Banking change expert Paul Butler speaks to Steve Marlin at Risk.net about the results of our joint Catalyst – Risk.net landmark study of Risk Culture. This is one of the most detailed studies ever undertaken of risk culture.
The feature has proved so popular that our partners at Risk that Editor in Chief Duncan Wood has unlocked the content so that it does not require a subscription to read: Risk Culture: banks fall short in eyes of staff.
The focus of the study is international banks and financial organisations. The results show that many risk managers believe their banks have considerable work to do on the understanding, measurement and management of risk culture.
The survey achieved a senior level of interest and a wide geographic spread, with 137 respondents drawn from the Americas 22.4%, APAC 24.6%, EMEA 53%.These responses came from Tier 1 banks 33%, Tier 2 banks 25%, Tier 3 banks 11%, local and regional banks 24%, central banks 7%.
In terms of participants, 17% of those taking part were at ‘C’ level; 39% head of/director level; 24% senior management; 16% middle management 4% and ‘other’.
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