Risk Appetite and Risk Tolerance

A guidance paper from the Institute of Risk Management

IRM has produced this guidance paper to provide guidance to directors, risk professionals and others in relation to that part of the UK Corporate Governance Code that states that “the board is responsible for determining the nature and extent of the significant risks it is willing to take in achieving its strategic objectives”. However, we hope that the guidance will have far broader resonance with anyone interested in the subject of Risk Appetite and Risk Tolerance.

Download the executive summary (PDF 1 Mb)

Download the full guidance paper (PDF 2 Mb)

Risk Appetite Webinar

Richard Anderson, principal author of the Risk Appetite Guidance paper, talked about the paper and took questions at a webinar that took place on Friday 23 September.

View the slides from the webinar (PDF 1,028 Kb)

Risk appetite should create boardroom rifts, whitepaper claims

A successful risk appetite strategy should create tension in the boardroom, according to a new whitepaper from the Institute of Risk Management (IRM). Read the full article in Risk Management Professional.