AIRMIC, the risk management association, has published a supplement to its October member magazine which explores the subject of risk appetite.

“Risk appetite lies at the heart of good management. Yet the term is frequently misunderstood, meaning different things to different people. Lots of text books and standards make ‘risk appetite’ the very foundation of risk management. Yet rarely, if ever, do they explain what it actually means,” explains John Hurrell, AIRMIC chief executive.

“After the success of our ERM research published in June, AIRMIC is committed to further work in this area, and we want to look especially at the idea of risk appetite. As ever, our work will have a practical application so that it can be of genuine business value to our members and their organisations.”

“The risk appetite supplement provides a few initial thoughts, but it is just the start of the journey.”

AIRMIC non-members can download the risk appetite supplement free of charge after registering here

•Date: 9th October 2008• Region: UK/World •Type: Article •Topic: Operational risk
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