Journal of
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Archive » September 2014 » Risk culture and the recent guidance of Fsb

Risk culture and the recent guidance of Fsb

Diana Capone, Stefano De Polis
September 2014
Jel codes: G21, G28

The Financial Stability Board has recently identified some foundational elements that contribute to the promotion of a sound risk culture within a financial institution and consistently support appropriate risk awareness, behaviours and judgements about risk-taking within a strong risk governance framework. Also in Italy the Bank of Italy has paid great attention to the risk culture issue, introducing specific provisions in the recent Internal control systems regulation

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