Risk appetite: Difference between revisions
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== See also == | == See also == | ||
* [[Risk averse]] | |||
* [[Risk management]] | * [[Risk management]] | ||
* [[Risk policy]] | * [[Risk policy]] | ||
Revision as of 16:52, 13 June 2014
Broadly the amount of risk that an organisation is willing to accept in pursuit of value, improved financial performance or of other benefits, with management responsible for setting boundaries or parameters for risk taking.
Any risk responses should be designed such that the 'net' (residual) risk after considering controls does not exceed these boundaries.
See also
Other links
Risk appetite and risk tolerance: Practical guidance, www.theirm.org
