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Question 27.3: “The risk culture at a bank should lead it to consider the l...

“The risk culture at a bank should lead it to consider the longer-term implications of decisions as well as short-term profits.” Discuss.

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There is a danger that decisions will be made that are profitable in the short term but lead to long-term problems (e.g., negative publicity, loss of reputation, and lawsuits). Business Snapshots 5.4, 27.1, 27.2, and 27.3 are examples.

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