Time to invest more in non-financial risk management

Banks must now pay even closer attention to any possible gaps in their compliance and risk coverage, following two big shocks in the past year – regulators’ decisions to fine several firms over their poor handling of WhatsApp messages, and the collapse of several significant banks which raised questions about their corporate culture. Firms must respond tactically today, but think strategically about how to structure, right-size and run their non-financial risk functions. 

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