Tag Archives: Risk culture

Influencing risk culture within the transport industry

A fatal tram accident, online retailers’ accusations of dangerous driving practices, and a conviction following a fatal road collision have pushed fleet operators and their risk management practices into the spotlight in recent months. As well as the human cost, … Continue reading →

What does a good risk culture look like?

In 2012, a major international bank disclosed a multi-billion-dollar trading loss on its synthetic trading portfolio. By its own admission, the events that led to the company’s losses included inadequate understanding by the traders of the risks they were taking; … Continue reading →

How to measure risk culture

What gets measured gets managed, and that certainly holds true for risk culture. But how do you measure it? The very notion of organisational culture can seem difficult to describe, let alone quantify or manage. As a result, many companies … Continue reading →

Managing and improving an organisation’s risk culture

This is the second in a series of blogs on risk culture. In this post, we address the fundamentals of improving an organization’s risk culture. Subsequent posts will delve into how to measure, analyse, and manage an effective risk culture, … Continue reading →

What is risk culture?

Risk Culture – This is the first in a series of blogs on risk culture. We start the fundamentals and a definition. Subsequent posts will delve into how to measure, analyse, and manage an effective risk culture, how to understand … Continue reading →

All on the Same Train, but Heading in Different Directions: Risk Attitudes and Implications for forming a Risk Culture

The term risk culture refers to how things are seen, done and justified. It’s not the explanation of last resort to be used only when other explanations—economic, demographic, organizational—are inadequate, i.e. “Oh well, it must be cultural then.” Continue reading →