Principles for An Effective Risk Appetite Framework

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Principles for An Effective Risk Appetite Framework 18 November 2013 i Table of Contents Page I. Introduction ........................................ ........................................ ....................................... 1 II. Key definitions ........................................ ........................................ .................................. 2 III. Principles ........................................ ........................................ ........................................ .. 3 1. Risk Appetite Framework ........................................ ........................................ ................... 3 An Effective RAF.

effective risk appetite statement, (iii) risk limits, and (iv) defining the roles and responsibilities of ... business line and legal entity levels in a manner that is proportionate to the size of the exposures, ... Risk profile: Point in time assessment of the financial institution’s gross and, as

  Assessment, Risks, Effective, Proportionate, Effective risk