ERM Concepts [26]

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Bullet points include: Step 1: Measure current quantitative appetite at Senior Executive and Board, Step 2: Measure current risk profile using quantitative techniques. Is this the true current risk appetite? Step 3: Determine current risk appetite merging qualitative and quantitative information, Step 4: Define and assess ongoing desired appetite, Step 5: Develop metrics and framework to enable ongoing monitoring, Step 6: Monitor activities relative to defined appetite

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