Mike Brady

Having worked in in the risk and safety management area of the oil and gas industry I have seen, and in small part helped, some of the leading operators work hard on improving their safety culture.  The realisation in the industry has been that layers of processes and controls can only go so far. Front line staff need to remain aware of the risks they face and not become complacent such that they do not spot those small indicators that something is out of place.   So creating a culture that counters this tendency toward complacency, or risk normalisation, has been a focus for oil and gas operators. The oil and gas industry is not the only one that faces risks that could lead to catastrophic losses and the removal of the licence to operate. Financial institutions have faced such losses through failures in processes and controls around rogue trading, mis-selling of products and failures in anti-money laundering controls.  The Basel Committee on Banking Stability (BCBS) as well as re