Risk Culture: More Work Needed from Boards in Financial Services

Only 60% of chief risk officers (CROs) at global financial institutions say their boards have worked at embedding the organization’s risk culture across the enterprise, and about the same percentage say their boards have reviewed incentive compensation plans to consider alignment of risks with rewards, according to the ninth biennial “Global Financial Services Risk Management Survey” from Deloitte Touche Tohmatsu Limited (DTTL).