Driving Risk Appetite

A Pragmatic Approach to Implementing a Broad and Effective Risk Appetite Framework

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Driving Risk Appetite

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Risk appetite is a widely accepted concept that remains difficult to apply in practice.  In this whitepaper, we address a commonly voiced concern: the inability to implement an effective, enterprisewide risk appetite framework (RAF) due to the difficulty of translating broad, high-level risk objectives into clear, understandable guidelines and metrics for business units and operations personnel. 

We answer the question on how to optimize the risk appetite process throughout three sections:

​1. ​Background on the increasing importance of finding solutions to the problem of driving risk appetite
​2. ​Establishing a RAF and addressing important elements of driving risk appetite, such as ownership, metrics and issues
​3. ​Seven common pitfalls

 

 

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Cory Gunderson
Timothy Long
Matthew Moore
James McDonald
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