Various tools, assessments, and approaches to measuring behavioral and cultural factors in an organization.
Observations
Jul 29, 2024The European Central Bank (ECB) has opened a public consultation on a draft guide on its expectations regarding governance and risk culture and how it will supervise firms' activities in this regard.
by Stuart Mackintosh, Peter Routledge, Sharon Donnery, Bryan Stirewalt
Compendium
Jun 11, 2024by Marion Kelly, Alison Cottrell, Maria Ana Barata
Compendium
Jun 11, 2024by Stephen Scott, Randal Quarles, Margaret E. Tahyar
Compendium
Jun 11, 2024by Stuart Mackintosh, Peter Routledge, Sharon Donnery, Bryan Stirewalt
Compendium
Jun 11, 2024Compendium
Jun 11, 2024The Office of the Superintendent of Financial Institutions (OSFI) has emerged as a global leader in regulating culture and conduct in the financial sector. In February 2023, OSFI introduced the "Culture and Behaviour Risk Guideline," which sets principles and outcomes for managing cultural and behavioral risks. The guideline's three main goals are clear governance of culture, promotion of desired behaviors, and proactive management of behavioral risks.
