ACCA’s special report on banking delves into risk governance and the lessons learned from the 2023 bank collapses. It was published on February 13, 2024. The report emphasizes the importance of fostering robust risk cultures within financial institutions. By promoting transparency, accountability, and effective risk management practices, banks can mitigate potential crises and safeguard the interests of stakeholders.
Reference: You can find more details about this news on the ACCA Global News page.
This news underscores the critical role of risk culture in maintaining stability and resilience in the banking sector. 🏦🌐