OpRisk Asia: Changes in bank culture can be measured, conference hears

There is no magic bullet for changing bank culture, but there some rudimentary measures that can be used to judge progress, claims MCB Bank op risk manager

There is no quick way to repair or improve an inadequate risk culture, but managers should still be able to track improvements as they happen, the OpRisk Asia conference in Singapore heard today.

Mohammed Tariq Gondal, the head of operational risk management at Pakistan's MCB Bank, said that even relatively rapid improvements would only yield results in years rather than months.

"Cultural change takes time: the short term is two or three years, the long term is five or more," he said. "It