Page 54 - Risk Management in current scenario

So if the students know that risk attitude is one of the recruitment
criteria, they will develop themselves the risk attitude which they have
to demonstrate at the time of recruitment. In a longer term maybe 50
years later with the development of risk-based thinking in the previous
generation, the future generation may inculcate this habit as their natural
thought process.

Conclusion
When risk is getting to the forefront, at least in the financial sector and
maybe later in other sectors, there is no doubt that risk culture will
improve either voluntarily or involuntarily. This is because regulators are
pushing such reforms in the direction of risk management. On the other
hand, with risk-based capital, shareholders will have the opportunity to
optimize usage and increase returns on capital. In time to come, the CFO
will drive the risk culture within the business in consultation with the CRO.

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52 | Risk Management in Current Scenario