Get full buy-in for risk appetite, conference told

Disconnect between business and control can be a problem in banks

Lauren Rieder

Risk appetite statements are vital to put operational risks into context, but they need to be accepted across the organisation, the audience at the OpRisk Europe conference in London heard on June 10. David Kenny, global head of operational risk at State Street Global Markets, commented: "Risk appetite can have a disconnect between the corporate and the business level. We need to sort out the link between capital and appetite – there is now a high expectation of where we should be, on a