Saturday, 14 May 2011

IRM - Risk Appetite and Risk Tolerance consultation

Only got the tip-off on this today, so still have some reading to do, but clearly the obligations of exec and non-exec directors have turned Appetite and Tolerance into fertile ground, hence this consultation from the IRM.

I am personally not against a prescriptive approach to these topics, provided no board members exempt themselves from learning new things - I may throw a few comments in, especially on Risk Appetite, which there is a distinct danger under Solvency II will become a documentation process which has the dust blown off it periodically, rather than enjoying pride of place on the decision-makers table.

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