On account of incomplete implementation of an earlywarning system to identify risks throughout the group and inadequate risk analysis at divisional level , these risks were not sufficiently recognised , with the result that countermeasures were not taken early enough .. This sentence is hard to understand. A simpler version with equivalent meaning is the following:
These risks have not been sufficiently recognized , given the incomplete implementation of an early risk detection system at group level and a non-objective risk assessment in the bank's branches . Consequently , the necessary countermeasures were not taken .