Risk appetite: The practical essentials
Integrating risk appetite into your ERM framework.
The risk management world has toyed with the concept of Risk Appetite for a number of years now, with varied levels of success. Whatever you wish to call it, and however you wish to articulate it, risk appetite is a critical component of a robust risk management framework. It provides our decision-makers “freedom within boundaries”. Freedom to operate, make decisions, take risks and most importantly fail.
Risk Appetite should be an enabler. It provides the organisation with a "pool" of risk that should be used to create value. It helps identify where excessive risk is being taken and equally, where not enough risk is being taken.
Read more details about the session below.
Chief Research and Content Officer, Protecht