Culture & Conduct Risk

What decides whether an organisation operates within risk frameworks? Is it the policies in place, the business strategies that push up against those policies, what’s the deciding factor? In 2016 more and more people are accepting something which even though it’s very simple, has long been a difficult concept for many risk and compliance professionals…

“Conduct risk” has been a top priority for the FCA ever since their formation in 2013, but to many it’s still a confusing and vague concept.  The FCA have defined it as “the risk that firm behaviours will result in poor outcomes for customers”, one suggested explanation from Thomson Reuters 13/14 Conduct Risk survey is…