In mid-2014, we published a Discussion Paper to generate debate with stakeholders on risk appetite, its link with strategy and its importance for financial institutions. The Discussion Paper considered the main concepts and theories relating to risk appetite and its place within a risk appetite framework. It also provided suggestions as to what a risk appetite statement should contain.
Responses to the Discussion Paper provided a useful insight into the current practices employed in the Irish financial services industry and the Central Bank would again like to acknowledge respondents’ contributions.