Aligning risk management framework with risk appetite
Building on a near-forgotten piece of research from the FSA on aligned risk management, our regular columnist Ariane Chapelle sets out metrics and tools to help firms operate within their pre-defined risk appetite
After dedicating their attention successively to incident data collection, governance, scenarios and risk assessments in relatively independent ways, regulators are now focusing on the overall consistency of risk management frameworks, which comprise the methods and tools a firm uses to manage its risks. This article elaborates on a 2007 publication by the erstwhile Financial Services Authority
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