Risk policy: Difference between revisions
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imported>Doug Williamson (Added link to The Treasurers Handbook - Guide to risk managment) |
imported>Doug Williamson (Expand.) |
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''Risk management'' | ''Risk management'' | ||
Predetermined actions the entity will take, or have in reserve, to deal with the various situations that might arise. | Predetermined actions the entity will take, or have in reserve, to deal with the various situations that might arise. | ||
Risk policy should cover commercial as well as treasury approaches to exposure management. | Risk policy should cover commercial as well as treasury approaches to exposure management. | ||
The policy should identify and reflect the risk appetite and risk tolerances of the organisation, making explicit that a risk management system has been designed to provide reasonable assurance of achieving business objectives. | The policy should identify and reflect the risk appetite and risk tolerances of the organisation, making explicit that a risk management system has been designed to provide reasonable assurance of achieving business objectives. | ||
It should assign accountability for managing risks and reporting results on effectiveness of the system to executive management. | It should assign accountability for managing risks and reporting results on effectiveness of the system to executive management. | ||
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* [[Risk control]] | * [[Risk control]] | ||
* [[Risk tolerance]] | * [[Risk tolerance]] | ||
* [[Senior Managers Regime]] | |||
* [[Guide to risk management]] | * [[Guide to risk management]] | ||
[[Category:Financial_risk_management]] | [[Category:Financial_risk_management]] | ||
Revision as of 09:19, 13 November 2016
Risk management
Predetermined actions the entity will take, or have in reserve, to deal with the various situations that might arise.
Risk policy should cover commercial as well as treasury approaches to exposure management.
The policy should identify and reflect the risk appetite and risk tolerances of the organisation, making explicit that a risk management system has been designed to provide reasonable assurance of achieving business objectives.
It should assign accountability for managing risks and reporting results on effectiveness of the system to executive management.
