Developing risk appetite is a layered process that calls to question how much risk-reward an organization can tolerate. With the potential to cover a large array of subjects, risk appetite statements can be approached from a variety of angles. But, which is the most effective?
In this episode, Darryl Newton, non-executive director for ING Bank, draws on his experience as a Chief Risk Officer to outline the elements and implications of risk appetite:
- What are the top three keys to an effective board risk oversight program?
- What framework best enables effective risk appetite?
- What should be the core objective when articulating risk appetite?