Get full buy-in for risk appetite, conference told
Risk appetite statements are a useful tool, but need to be connected with the rest of the business in order to work properly, a panel at OpRisk Europe argued – and "zero tolerance" may not always be a helpful attitude to take
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
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