FSB: Principles for an effective risk appetite framework
17 Jul 2013 (UPDATED: 13 Mar 2026)
International
1 min read
This consultation paper sets out draft principles intended to enhance supervisory oversight of firms, in particular of systemically important financial institutions by establishing minimum expectations for the key elements contained in an effective risk appetite framework, such as: an actionable risk appetite statement; quantitative risk limits; and clearly defined roles and responsibilities of the board of directors, senior management and business lines. Responses are required by 30 September 2013.
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