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Risk appetite / Risk team structure [24]

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Bullet points include: First step often involves appointing an interim or permanent head of risk or Chief Risk Officer (‘CRO’) First activities are likely to be to: To bring together risk related functions and specialists in a unified and coherent structure To review of coverage, terms of reference and relevance of any existing risk-related committees or roles To introduce new dynamic, perhaps greater rigour, method and dispassionate analysis to management decision making May involve challenge of existing strategy Whilst avoiding unnecessary tensions and getting Board support

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