Compendium
Jun 23, 2025Problematizing culture is a prerequisite for effective risk governance and supervision. Organizational culture in the financial sector must be treated as a solvable problem rather than a tolerated issue. Regulators demand firms govern culture risk effectively, yet provide limited guidance. Problematization is essential to translate vague cultural concerns into operational, measurable governance practices, strengthening both risk management and supervisory resilience.
Compendium
Jun 11, 2024The Boeing 737 Max incident highlighted significant cultural issues within the company. The FAA found a disconnect between leadership and employees regarding safety culture, with employees fearing retaliation for reporting safety concerns. This case underscores the critical link between culture and behavior risk, emphasizing the need for a robust safety culture and effective communication channels to prevent misconduct and ensure psychological safety.
Compendium
Jun 07, 2023Compendium
Jun 07, 2023
