First, and most important, is the principle of sound governance: The voice of risk management must be independent and within the boardroom must be at least as powerful as that of the revenue-makers: good advice from risk managers is worthless if senior management do not listen or are not fully committed to controlling the risks generated by revenue-makers.
•  Safe as a Bank, or, even safe as the Bank of England  Harrap’s renders that as: •  “c’est de l’or en lingots”  I trust this branch of this Bank will serve to revive such public faith in banking.