To read this content please select one of the options below:

Risk culture and banking supervision

Alessandro Carretta (University of Rome Tor Vergata, Rome, Italy)
Vincenzo Farina (Department of Management and Law, University of Rome Tor Vergata, Rome, Italy)
Paola Schwizer (University of Parma, Rome, Italy)

Journal of Financial Regulation and Compliance

ISSN: 1358-1988

Article publication date: 8 May 2017




This paper aims to analyzing the main risk culture traits of a sample of Central Banks and Supervisory Authorities in Europe as well as of the European Central Bank (ECB).


Risk culture is measured through text data processing of the official discourses made by the head Supervisory Authorities, during the years from 1999 to 2012.


Results highlight heterogeneous but converging risk cultures for European Union (EU) supervisors and the presence of a “distance” between these cultures and the risk culture of the ECB.


The paper points out that cultural differences, especially in presence of credit markets still characterized by poor integration, could create unwanted distortion effects during the initial stages of the Banking Union.



Carretta, A., Farina, V. and Schwizer, P. (2017), "Risk culture and banking supervision", Journal of Financial Regulation and Compliance, Vol. 25 No. 2, pp. 209-226.



Emerald Publishing Limited

Copyright © 2017, Emerald Publishing Limited

Related articles