The risk culture of financial organizations is a popular area of focus at the current time, with regulators, advisory organizations, professional/trade institutes and financial organizations themselves all providing their view on the subject. However, despite the wealth of commentary there...

This paper examines the adoption of a formal risk management framework in a large public sector organisation. The paper shows the relevance of risk management as an accountability tool, extended by means of disclosure to the scrutiny of distant others. The paper also reveals how the use of risk...