Risk appetite / Risk team structure [11]

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Bullet points include: “No company can make a profit without taking risk” “The risk appetite statement is generally considered to be the hardest part of any ERM implementation. However, without clearly defined, measurable risk tolerances the whole risk cycle and any risk framework is arguably at a halt” Risk appetite needs to be measurable Should depend on propensity to take risk and propensity to exercise control I.e. firm’s risk capability, combining risk capacity and organisational maturity

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