Deloitte: risk appetite biggest challenge for financial firms

Financial firms need to improve their risk appetite assessment as well as strengthen their risk controls and management, according to a new report by professional services firm Deloitte & Touche.

A better understanding of risk appetite is needed, says Kari Hale, banking and securities partner at Deloitte. “Defining, managing and monitoring risk appetite is key and a lynch pin” to achieving targets set under the Walker Review and by the UK Financial Services Authority, he says. “Neither businesse