Board Risk Appetite Statement, Feb 2018

Ahead of the publication of Moorad Choudhry's book "Anthology: Past, Present and Future Principles of Banking and Finance", we present an extract from that publication which is a recommended template Board Risk Appetite Statement, as formatted for the hypothetical commercial bank "ABC Bank Ltd". An explicit Board Risk statement that specifies both quantitative and qualitative risk limits is the first step to robust and long-term sustainable balance sheet management.