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How bank supervisors can better address behavior and culture

Busy elevated walkways in Hong Kong Financial District
Photo: Tim Graham/Getty Images

Former Dutch Regulator Mirea Raaijmakers outlines the steps to manage behavioral risk.

For over a decade, behavior and culture have been on the regulatory agenda and the recent developments in the United States’ banking sector tell us it should remain a priority on that agenda.

Consider Silicon Valley Bank. Thinking you can run a bank without a Chief Risk Officer for eight