Risk appetite: Difference between revisions
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== See also == | == See also == | ||
* [[Risk averse]] | * [[Risk averse]] | ||
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* [[Risk policy]] | * [[Risk policy]] | ||
* [[Risk register]] | * [[Risk register]] | ||
Revision as of 12:03, 27 October 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
