How do risk managers become influential? A field study of toolmaking in two financial institutions

Managing risk in the public sector – The interaction between vernacular and formal risk management systems

“…The formalization of risk management systems can be identified: through the introduction of dedicated risk experts such as internal auditors, chief risk officers and/or risk managers, and through the introduction of formal risk management tools, such as heat maps (Arena et al, 2010;Hall, Mikes, & Millo, 2015;Mikes, 2009Mikes, , 2011Palermo, 2014;Rocher, 2011;Vinnari & Skaerbaek, 2014, Woods, 2009. Previous research has reported on the implementation of formal risk management systems identifying a top-down design and roll out of risk management in public sector organizations (Palermo, 2014;Rocher, 2011;Vinnari & Skaerbaek, 2014;Woods, 2009).…”

Empirical Examination for Operational and Credit Risk Perspective – A Case of Commercial Banks of Pakistan

“…Level of risk and level of performance may vary from person to person as the individual traits varies (Mehmood et al, 2017). In case of accounting and management perspective, risk management is of considerable debate and hence influence the decision making of the organizations and most specifically in case of commercial banks (Hall et al, 2015). However, corporate risk are of managerial concern and should be heighted and addressed for proper administarionm and for attaining economies of scale (Garcia et al, 2015).…”

Governance, Risk Management, and Risk-Taking in Banks

“…Unfortunately, such a dialogue is often impossible if the risk management function is viewed as a compliance unit rather than an essential part of the firm that seeks to implement policies that increase firm value. Hall, Mikes, and Millo (2013) and Mikes, Hall, and Millo (2013) conducted a clinical study of two banks, which they denote as Saxon Bank and Anglo Bank. Their study shows vividly the issues that have to do with the positioning of risk management within the organization.…”