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Risk appetite / Risk team structure [56]

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Bullet points include: Retain: exposure accepted as is, without further mitigation Retain, but change mitigation: change expected to reduce cost of control Increase: either because potential return is viewed as desirable or because controls in place are not deemed cost-effective Avoid: eliminate exposure entirely (perhaps withdrawing from business area or ceasing activity) – potential return does not offset downside exposure Reduce likelihood: via new or enhanced cost-effective preventative controls Reduce consequences: impact reduced, e.g. changed responses Transfer: perhaps through an insurance policy or outsourcing arrangement

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