Risk appetite / Risk team structure [8]

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Bullet points include: 1. Identify strategic objectives 2. Align risk profile to business and capital mgmt needs 3. Determine risk thresholds and tolerances 4. Formalise, ratify and communicate risk appetite statement Develop clear understanding of objectives, given requirements of stakeholders (regulators, counterparties, customers etc.) Consider risks implicit in existing plans and how they compare to risk capacity and objectives Develop risk thresholds and tolerances for different risk types and categories Document (at Board level) formal statement of risk appetite Communicate to organisation

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