Elena Pykhova > Quotes

“Risk culture is the area where the Board’s engagement is key. It is good practice to develop a set of questions that a Board should be constantly asking itself, to prompt good risk conversations. These may include, for example, how it perceives the tone it is setting from the top; whether decisions are taken within the stated risk appetite; and what mechanisms are in place to ensure that new joiners absorb the desired values of the firm.”
― Elena Pykhova, Operational Risk Management in Financial Services: A Practical Guide to Establishing Effective Solutions