عنوان مقاله [English]
While quantitative models and governance frameworks for risk management are now well established, but behavioral aspects, which focuses on the concept of risk culture, often are unclear and requires intellectual efforts and develop more theories. Establish and maintain an appropriate risk culture is still one of the major challenges in risk management. In this paper, we attempt has been to clarify the status of the risk culture in risk management, different dimensions described in financial institutions and its status in one of the financial institutions group.
In this regard, as a starting point records of previous research, the available models and frameworks was investigated. During the review of the literature, by comparing the different frameworks, dimensions and cultural elements of risk Financial Stability Board was selected as a base. Then, through interviews and review records and documents, also using survey and questionnaire was tested aspects of risk culture. The findings show that the dimensions of the risk culture in the organization which is the case study, is average. Among the elements of risk culture, succession planning and talent development have obtained the lowest scores and outcomes specified and risk ownership have obtained the highest scores.
JEL: G01, G31, G32, M14
How to cite this paper: Gholipour, A., AbooyeeArdakan, M., GhalibafAsl, H., &Asadi, A. (2017). Deployment of Risk Culture in Financial Institutions. Quarterly Journal of Risk Modeling and Financial Engineering, 2(1), 42–59. (In Persian)
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