Practical Risk Appetite and Risk Tolerance

This webinar will discuss how to implement and monitor risk policy. The instructor will explain the challenges and opportunities involved in developing and implementing an effective risk appetite statement, which is supported by risk limits, and the determination of actual exposure against those limits and risk tolerance.

Why Should You Attend:

A Risk Policy Statement should describe the overall approach, including policies, processes, controls, and systems, through which risk preferences, tolerance and appetite are established, communicated, and monitored.

It also includes a risk appetite statement, risk parameters or limits, and an outline of the roles and responsibilities of those overseeing the implementation and monitoring of the Risk Policy.

While significant progress has been made since the financial crisis to develop risk appetite limits and to calculate actual exposure to financial risks (e.g. credit, market), operational risk is still expressed by and large in a qualitative and aspirational manner, with little or no quantification.

This webinar will explain how to develop and implement a risk policy statement.