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
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