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The Power of "Why?"

by Starling Insights

Starling Insights Editorial Board

Nov 29, 2022

Observations

At the Financial Services Assurance Forum last week, Australian Prudential Regulation Authority’s (APRA) Stuart Bingham explained why the regulator sees risk culture as a prudential concern, and how it is working to drive improvement in the financial industry.

APRA defines risk culture as the behavioral norms and practices of individuals and groups that shape an entity’s ability to identify, understand, openly discuss, escalate and act on its current and emerging risks.

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The Power of "Why?"

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