Banking Quote by John G. Stumpf
“In financial services, if you want to be the best in the industry, you first have to be the best in risk management and credit quality. It's the foundation for every other measure of success. There's almost no room for error.”
About This Quote
Source Speech: Financial Services Conference, 2018
Excellence in risk management and credit quality is the essential foundation for overall success in finance.
In simple terms: Strong risk control underpins all success.
Key Takeaway
Prioritize risk and credit excellence.
Themes
risk management
credit quality
excellence
leadership
Mood
analytical
strategic
Type
business
leadership
When to use this quote
- banking
- investment
- insurance
- regulatory compliance
Key Concepts
finance
operations
strategy
Questions to Reflect On
- What balance between risk control and innovation is optimal?
- How can you measure risk quality without??
A Different Perspective
Risk focus may stifle innovation if too rigid.
