Attending an IIA training in Brussels today on Corporate Governance audits, an excellent training by the way, we (the participants) started discussing risk appetite. The discussion got me thinking about the way we establish or validate risk appetite and the issues that come with that. Let me take you through my thoughts ... A reflection … Continue reading Assessing real risk appetite
Tag: risk appetite
Why sum formulas better reflect the risk appetite in calculating risk levels
How to determine a risk profile and calculate a level of risk? Introduction This is a significant rewrite and a first time write-up in English of an article I published in Dutch in May of 2009. I'm revisiting it because I had an interesting exchange with my ERM class at Solvay Brussels School last week, … Continue reading Why sum formulas better reflect the risk appetite in calculating risk levels
Embedding risk management in the strategy cycle
As of its inception, there have been a lot of comments on COSO-ERM and how it can be applied in practice in an organizational setting. Those of you, dear reader, who have followed this blog know I am not an avid fan of the framework. However, contrary to some experts I don't agree the authors … Continue reading Embedding risk management in the strategy cycle
Exploring The Black Box 