Defining your taste for Risk

Submitted on 7th September 2017

Many ERM authorities seem to agree that risk appetite is a vitally important aspect of ERM. But today there is no consensus on precisely what risk appetite looks like and how it should be developed and used. e definitions in various references and sources aren’t much help.To answer this question, we need to rst explore the purpose of sucha statement. What is the business purpose of expressing and communi- cating risk appetite?

Corporate Risk Canada
Length of Resource
7 pages
Rob Quail
Date Published
Publication Type
Resource Type