The Central Bank’s experience, based on thematic work and reviews, is that such documentation is of variable quality and that the risk appetite may not always be embedded 2  BIS central bankers’ speeches  throughout the organisation. Further, we have noted varying degrees of skills, experience and knowledge with respect to risk and its management.
In order to address these concerns the Central Bank has launched a series of initiatives aiming to advance understanding as to what an effective risk appetite encompasses and to establish what constitutes good practice in relation to setting risk appetite.