{"id":5897,"date":"2018-08-22T22:40:08","date_gmt":"2018-08-22T14:40:08","guid":{"rendered":"https:\/\/www.microdium.net\/public\/a-copernican-revolution-in-culture-and-conduct-risk-management\/"},"modified":"2018-08-22T22:40:08","modified_gmt":"2018-08-22T14:40:08","slug":"a-copernican-revolution-in-culture-and-conduct-risk-management","status":"publish","type":"post","link":"https:\/\/www.microdium.com\/public\/2018\/08\/22\/a-copernican-revolution-in-culture-and-conduct-risk-management\/","title":{"rendered":"A Copernican Revolution In Culture And Conduct Risk Management"},"content":{"rendered":"
\"A<\/div>\n
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The Necessity of Proactive Management<\/h4>\n

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Experts at applied behavioral science technology company Starling offer insights into the failures of current approaches to managing conduct risk and explore an alternative \u2013 more proactive \u2013 solution. This would mark a paradigm shift in management science \u2013 one in which culture is viewed as an emergent property of group dynamics.<\/em><\/p>\n

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\u00a0<\/p>\n

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Despite punitive regulatory fines levied against banks over the last decade, which are estimated to exceed $320 billion, conduct-driven scandals continue to plague the industry. Regulators are under pressure to address persistent and seemingly systemic failures of conduct risk management even as banks struggle to contend with increased regulatory burdens, reporting requirements, capital charges to underwrite operational risk and mushrooming governance, risk and compliance (GRC) costs. These overheads are now said to make up some\u00a020 percent<\/a>\u00a0of the day-to-day operational cost base at most financial services firms.<\/p>\n

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Businesses and regulators alike are eager to identify more cost-efficient and effective means by which to manage \u2014 and supervise \u2014 conduct risk. Organisational culture is at the centre of their current focus.<\/p>\n

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…<\/p>\n

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https:\/\/www.corporatecomplianceinsights.com\/a-copernican-revolution-in-culture-and-conduct-risk-management\/<\/a><\/p>\n<\/div>\n


\nSource: DRJ New feed<\/p>\n","protected":false},"excerpt":{"rendered":"

The Necessity of Proactive Management Experts at applied behavioral science technology company Starling offer insights into the failures of current approaches to managing conduct risk and explore an alternative \u2013 more proactive \u2013 solution. This would mark a paradigm shift in management science \u2013 one in which culture is viewed as an emergent property […]<\/p>\n","protected":false},"author":1,"featured_media":5898,"comment_status":"false","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[15],"class_list":["post-5897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-disaster-recovery-cybersecurity-news-malaysia","tag-about"],"_links":{"self":[{"href":"https:\/\/www.microdium.com\/public\/wp-json\/wp\/v2\/posts\/5897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.microdium.com\/public\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.microdium.com\/public\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.microdium.com\/public\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.microdium.com\/public\/wp-json\/wp\/v2\/comments?post=5897"}],"version-history":[{"count":0,"href":"https:\/\/www.microdium.com\/public\/wp-json\/wp\/v2\/posts\/5897\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.microdium.com\/public\/wp-json\/wp\/v2\/media?parent=5897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.microdium.com\/public\/wp-json\/wp\/v2\/categories?post=5897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.microdium.com\/public\/wp-json\/wp\/v2\/tags?post=5897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}