Quantifying bank culture using unobtrusive indicators

Thursday 22nd April

Time: 12 noon UK time, Zoom

Speakers:
Joel Suss, Research Data Scientist, Advanced Analytics, Bank of England
Dr Alex Gillespie, Associate Professor, London School of Economics
Dr Tom Reader, Associate Professor, London School of Economics
Travolta Mohan, Director, NatWest Treasury Markets & ALMA (Moderator)

“Our research uses unobtrusive sources of data to gain rich insights into bank culture, overcoming the limitations of survey-based approaches.  We leverage unique access to data available to regulators to diagnose the cultural health of the UK banking sector, finding that banks with organisational cultures two standard deviations below the sector average are expected to have a 50% increased risk of failure.”

Join this Masterclass with the authors of the highly topical Bank of England Staff Working Paper on ‘Organisational culture and bank risk’ (published 5th March 2021).  As ALMA Member Professionals well-versed in financial risks, this Masterclass is an excellent opportunity to broaden your understanding of risk management from a perspective of culture, using the latest research in data science methods and organisational psychology.

The authors will guide you through their paper and cover topics including:
– What are unobtrusive indicators and how can they measure bank culture?
– How can these indicators be used by UK financial and prudential regulators?
– What are the links of bank culture to risk of failure?

Please pre-submit questions to: membership@ukalma.org.uk

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