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Nematrian Reference Library

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Overview "Defining an organisation’s willingness and ability to take on risk is a fundamental first step in an enterprise risk management (ERM) program. Just as an individual investor must understand his or her risk appetite when managing personal finances, a financial institution needs to look at its unique situation to define the risk appetite for the organisation. Many financial institutions overseas, particularly insurers, have recognised that to meet the demands of the various stakeholders the risk appetite needs to be more than a theoretical statement. Although important, risk appetite is often difficult to implement across the organisation and raises a number of practical issues."

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