Transcription of FSB Guidance on assessing risk culture - FINAL
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FSB Guidance on assessing risk culture - FINAL
Guidance on supervisory Interaction with Financial Institutions on Risk culture A framework for assessing Risk culture 7 April 2014 Table of Contents Page Background .. i Introduction .. 1 1. Foundational elements of a sound risk culture .. 2 2. Indicators of a sound risk culture .. 3 3. General supervisory Guidance .. 4 Tone from the top .. 5 Accountability .. 7 Effective communication and challenge .. 9 Incentives .. 9 Background Increasing the intensity and effectiveness of supervision is a key component of the Financial Stability Board s (FSB s) efforts to reduce the moral hazard posed by systemically important financial institutions (the SIFI framework ), along with requiring added capital loss absorbency and facilitating the orderly resolution of financial The FSB issued its first recommendations for enhanced su
Guidance on Supervisory Interaction with Financial Institutions on Risk Culture A Framework for Assessing Risk Culture 7 April 2014
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