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 ........................................ ........................................ .................... 4 2. Risk Appetite statement.

in February 2013.2 Based on the findings of the review five recommendations were set out, one of which asked the FSB to develop, in collaboration with relevant standard setters, guidance on the key elements contained in an effective RAF. The report also recommended the …

  February, 2013, February 2013