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Professor Patrick Augustin addressed the critical gap between technical risk analysis and executive decision-making at the ALRiM-GARP Banking Risks Conference in Luxembourg in January. Speaking alongside regulators and industry leaders, Augustin argued that risk managers must develop strong communication skills to translate complex metrics into actionable insights for boards and senior leadership.

"In addition to quantitative expertise, risk managers require strong communication skills to explain trade-offs clearly to boards and senior leaders," he said during the conference, which examined banking resilience and organizational risk culture.