Relevance and Development of Risk Culture in Banks as a Factor for National Security
Relevance and Development of Risk Culture in Banks as a Factor for National Security

Summary/Abstract: This paper examines the importance and further development of a stable risk culture as a key prerequisite for effective risk management in banks and thus for national security. Based on a comprehensive literature review, it shows that regulatory reforms following the 2008 financial crisis have improved structural conditions, but often fail to adequately address the underlying cultural and behavioral factors. Risk culture, understood as collective values, assumptions and behaviors in dealing with risks, has a significant impact on risk perception and decisions in organisations. An effective risk culture requires clear communication of risk appetite and tolerance by management, continuous training, transparent reporting channels and a constructive error culture without fear of sanctions. The integration of risk management into strategic and operational decisions and regular evaluations strengthen organisational resilience in the long term. Banks with a proactive, learning-oriented risk culture are better able to identify emerging risks at an early stage, increase their resilience and thus secure both their own stability and that of the financial system in the long term, resulting in a stable situation with regard to national security.

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