OCC’s DuChene outlines 5 Es of an effective risk culture

Regulators and bankers made significant progress as they worked to bolster controls, risk management capabilities and capital and liquidity standards in the wake of the financial crisis. However, the Office of the Comptroller of the Currency’s top operational risk supervisor recently suggested that additional attention should be paid to promoting institutions’ risk cultures. Read on to learn what Carolyn DuChene, OCC deputy comptroller for Operational Risk, identified as some of the hallmarks of an effective risk culture.