IDEAS home Printed from https://ideas.repec.org/h/pal/pmschp/978-3-319-57592-6_7.html
   My bibliography  Save this book chapter

Measuring and Assessing Risk Culture

In: Risk Culture in Banking

Author

Listed:
  • Nicola Bianchi

    (University of Rome Tor Vergata)

  • Franco Fiordelisi

    (University of Rome III
    Middlesex Business School)

Abstract

Weak Risk Culture was a driver of banks’ failures after the financial crisis of 2008 (PCBS, 2013). Regulators (FSB, 2014) and practitioners (Deloitte Australia, 2012) developed frameworks to analyse and enforce RC in financial institutions; new pillar III discipline is pushing banks to develop a strong RC (BCBS, 2015). No empirical evidence exists in literature that link RC and banks’ stability. The following chapter tries to fill this gap, it uses Financial Stability Board’s framework (Financial Stability Board, 2014) of Sound Risk Culture (SRC) and extracts the vocabulary associated with a strong RC. Then, it applies quantitative text analysis (QTA) on banks’ disclosure to build a SRC Index. Finally, it analyses the correlation between the index and the Z-score of the banks.

Suggested Citation

  • Nicola Bianchi & Franco Fiordelisi, 2017. "Measuring and Assessing Risk Culture," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Risk Culture in Banking, chapter 0, pages 155-176, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-3-319-57592-6_7
    DOI: 10.1007/978-3-319-57592-6_7
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:pmschp:978-3-319-57592-6_7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.