Risk appetite / Risk team structure [10]

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Bullet points include: Elements Should Quantitative measures-Include hard measures of risk - Describe the type and quantum of risk the business wants to and is willing to take - Relate directly to business plans and risk management processes Qualitative measures - Recognise that not all risk is measurable but can still affect business performance - E.g. appetite for activities outside core competence Zero tolerance risks-Be a subset of the above - Identify the categories of risk the firm wishes to avoid entirely - E.g. appetite for regulatory mis-compliance

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