Risk Appetite Statement – What the regulator expects and what you should do

In this brief blog post we look at a recent finding from the Central Bank of Ireland (CBI) regarding the absence of a standalone risk appetite statement, and at what and how the CBI expects this issue to be addressed. This is not a template for a risk appetite statement because no two organisations are the same. However, it will give you the necessary understanding of what is required in a risk appetite statement so that you can then create one tailored to your organisation.