Risk Appetite

Posted on February 13, 2014 by

2014 RMA Cass Advanced Risk Management Programme

The 2014 RMA/Cass Advanced Risk Management Programme The RMA (Risk Management Association) has been providing an advanced risk management course, aimed at senior executives up until 2012. This was a 10 day course provided by Wharton Business School. However the RMA was looking to modernise the course and put the provision of the course up Read More

Posted on April 11, 2013 by

Managing with KPI’s and KRI’s – Building Better Indicators Workshop London

A practical approach to defining indicators within an integrated ERM Framework Workshop Overview Many organisations have made considerable progress in the area of enterprise and operational risk management since the financial crisis in 2007/2008. However events over the last few years have demonstrated, and continue to demonstrate the need to make improvements in organisational risk Read More

Posted on February 19, 2013 by

How many people use the Strategy Map as a Risk Management tool?

It is my view that the Strategy Map is a key tool in any risk management project. All the major risk standards such as COSO Enterprise Risk Framework, ISO31000 etc all state the business objectives are the starting point of any risk management project but don’t show you how to do this. The Strategy Map Read More

Posted on November 6, 2012 by


Risk Based Performance Management Workshop December 12th & 13th Workshop Overview: To effectively streamline management and regulatory reporting, organisations need to adopt an integrated framework, which covers strategy (performance management), Risk & Compliance. By attending this two-day interactive ‘bootcamp’ workshop, attendees will gain insights into the Risk-Based Performance Management methodology. This methodology, which builds on, Read More

Posted on October 27, 2012 by

Risk Appetite and Risk Tolerance

Risk Appetite and Risk Tolerance have been topics of much debate and discussion recently, particularly since the credit crunch and subsequent changes in regulation and legislation, including the update of the UK Corporate Governance Code in 2010 which brought more focus to risk appetite. Additionally, professional bodies have been providing guidance on the definition and Read More

Posted on October 11, 2012 by

Great quote on Risk Appetite

One major problem that led to the current financial crisis was that although objectives had been created, there was no articulation of risk appetite or identification of those responsible when risks were incurred – COSO Read the full COSO Thought-leadership paper; Enterprise Risk Management — Understanding and Communicating Risk Appetite

Posted on August 20, 2012 by

A key role of a board is…

“A key role of a board is to set the basic goals for a firm’s strategy and to ensure that they are within the agreed risk appetite. This requires that a board assure itself that a detailed consideration of risks is part of the process of considering future strategy” – The failure of the Royal Read More

Posted on February 16, 2012 by

Building a Robust Operational Risk Appetite Statement

Andrew Smart has recently developed a whitepaper on designing an operational risk appetite statement. This paper outlines a seven step process which enables organisations to deliver an operational risk appetite statement which will meets regulatory obligations while adding real business value. This paper was recently featured in new e-magazine, The Risk Universe, which is a new online Read More

Posted on January 19, 2012 by

Integrating Risk Appetite into Business Strategy

Following on from Andrew Smart’s previous article ‘Defining Risk Appetite’, we will now explore how Risk Appetite can be integrated into Business Strategy. The 2008/2009 credit crunch and subsequent catastrophic economic fallout in the US and Eurozone has demonstrated the impact that failure to integrate risk management at the heart of strategy execution can have Read More

Posted on January 19, 2012 by

What is Risk Appetite?

Risk Appetite ExplainedIn the face of the many recent failures of financial institutions, following market and asset crises and in the context of mounting regulatory demands from Basel 3, Solvency 2 and Dodd Frank, risk management is a topic high on the executive agenda. In particular, much emphasis has been placed on risk appetite and Read More

Posted on October 5, 2011 by

Draft whitepaper–Embedding Risk Appetite within the Strategy process

Recently I have been working on a white paper with James Creelman titled Embedding Risk Appetite within the Strategy process. While it will be available soon on the Manigent website, for readers of this blog and members of our Linkedin group, I am making a draft available. Download the paper here As always, I encourage Read More

Posted on October 17, 2009 by

What Can We Learn from the FRC Review of the Combined Code?

In the wake of the credit crunch, and with the significant failures exposed around corporate governance, the Financial Reporting Council commenced a review of the effectiveness of the UK’s Combined Code. A progress report and summary of the consultation is available here. However some of the key points from a performance and risk management perspective Read More

Posted on October 14, 2009 by

Aligning Risk Appetite and Exposure – Insight from LEGO Group

Having read you white paper on “aligning risk appetite and exposure”, I see a lot of value in this – possibly because a lot of it is rather closely linked to what we are currently implementing. A few more detailed comments: It is stated in the introduction, that the financial crisis was caused by a Read More

Posted on September 22, 2009 by

Aligning Risk Appetite and Exposure

Manigent introduces a new white paper, Aligning Risk Appetite and Exposure, The New Paradigm of Strategic Execution. In this paper, we are focusing on how organisations can successfully align their performance and risk management processes to enable them to survive the recession, and subsequently exploit opportunities presented as growth returns. We argue that successful strategy Read More