SafetyInsights.org

What is the role of safety cultural dimensions in explaining real cases of financial misconduct? Quite a lot, according to this interesting study.

It’s open access, so you can read it in full yourself.

They drew on cases including from JPMoran, UBS, Batclays, Credit Suisse and more.

There’s heaps of findings – I’ve only included some of them in the attached tables.

Nevertheless, some cultural links were around:

·      Impaired comms – where people couldn’t speak up or lack of trust among colleagues

·      Impaired management commitment to safety – where blame and culpability reigned, helplessness from employees, and manager expectations

·      Risk management – where problems with an appreciation of risk, confidence in safety, and conflict between work and safety were present

·      Systems implementation – where incident reporting, internal auditing and more didn’t identify or escalate necessary issues

Even if you’re in the camp that’s critical of Safety Culture per se, the domains they’ve identified are still interesting.

Ref: Leaver, M. P., & Reader, T. W. (2019). Safety culture in financial trading: An analysis of trading misconduct investigations. Journal of Business Ethics, 154, 461-481.

Study link: https://link.springer.com/article/10.1007/s10551-017-3463-0

LinkedIn post: https://www.linkedin.com/posts/benhutchinson2_what-is-the-role-of-safety-cultural-dimensions-activity-7176322310428119040-JIUj?utm_source=share&utm_medium=member_desktop