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Suddenly everyone official in financial services is talking about 'culture'. International industry bodies are advocating stronger cultures; regulators and supervisors are already acting. But can culture be regulated meaningfully? And do supervisors have the knowledge to work with culture? We propose a systematic review of how culture works in firms to define the limits of utility of regulation and supervision of culture in financial services.

Essential knowledge on how risk management practice must change and is changing to reflect the demands of boards and shareholders; also essential skills for risk managers at all levels; one and two day courses:

Our latest riskbriefing is titled Regulation, risk & culture: will we never learn? The truth about Neil Armstrong, Barclays, LIBOR, risk & culture.  It looks at the parliamentary Treasury Committee's report on the LIBOR scandal through the lens of the successes, failures and lessons emerging from the US space programme. There are plenty of lessons that regulators do not seem to have learned or even understood.