Board of Risk Appetite Recorded

Summary

No organisation, whether in the private, public or third sector can achieve its objectives without taking a risk? The only question is how much risk do they need to take? And yet taking risks without consciously managing those risks can lead to the downfall of organisations.

Venue details:  
Online, ,
Start date & time:  
01 January 2017 00:00
End date & time:  
01 January 2020 00:00
Price: €62.50  (€62.50 Member price)
By registering for this course you have accepted the terms and conditions
Training ticket cost:  
2.50
CPD hours:  
2.50
Speaker details
First nameLast name
Sean McGahan

Description

Product type:  
CPD online course
Category:  
Governance, risk and legal

This course was originally recorded in 2015

Course overview 

The only question is how much risk do they need to take? And yet taking risks without consciously managing those risks can lead to the downfall of organisations

The Central Bank in Ireland has advised that “a fundamental principle underpinning both risk management and strategy formulation is that the Board must understand the risks to which the institution is exposed and to establish a Risk Appetite Framework”

Risk appetite can be defined as ‘the amount and type of risk that an organisation is willing to take in order to meet their strategic objectives’. While risk appetite means different things to different people, there is widespread consensus that a properly communicated, appropriate risk appetite statement can help organisations achieve their goals and sustain their operations.

This course seeks to explore the best practice techniques which can support the risk appetite process.