This document summarizes a presentation on remaking risk management in banking. It discusses progress in improving risk culture, linking business decisions to risk appetite, challenges around data and IT investments, and the impact of Basel III on business models. Some key findings include that most firms feel they are making progress in achieving a strong risk culture but have a long way to go, expressing risk appetite and embedding it into operations are top challenges, and Basel III is leading many banks to evaluate portfolios, shift from complex instruments, and potentially exit some businesses or geographies.