Risk appetite / Risk team structure [12]

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Bullet points include: Risk appetite statement needs to be practical, guiding managers to make risk-intelligent decisions and allowing them to understand the degree to which they (individually) are permitted to expose the organisation Executives need to have a view of the aggregated and interlinked level of risk. The Board and senior management need this for the firm as a whole Risk appetite is not constant. It should change as the environment and business conditions change. Anything approved by the board has to have some flexibility built in Risk decisions need to be made with full consideration of reward

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