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Risk appetite statements may be structured in line with risk sources, components of the organisation that may be impacted by the risk event and/or impact or consequences categories.
Risk Appetite is a concept adopted by some organisations to express and agree the amount of risk that they are willing to accept in pursuit of their mission and organisational objectives.
1.1 The Risk Appetite Statement (“this Statement”) provides a comprehensive summary of Risk Appetite parameters guiding the operations of the EBRD (“the Bank”). Its main purpose is to facilitate concise presentation and informed periodic review of the level of risk the Bank is prepared to take in its key activities.
Risk appetite today is a core consideration in any enterprise risk management approach.
The risk appetite statement is a formal articulation of the bank’s willingness to accept risk. It is typically linked to the risk management philosophy, and is accompanied by a risk appetite framework.
The Risk Appetite Statement is a written articulation of the Bank’s risk-taking, risk mitigation and risk avoidance, taking into consideration the Bank’s statutory requirements. It contains risk category-specific statements and forms a tool for the Board of Directors and senior management to guide and monitor the Bank’s risk-taking ...
Risk appetite helps organisations establish a threshold of impacts they are willing and able to absorb in pursuit of objectives, which may include but is not limited to financial loss.
