Details

Service: Advisory, Transactions & Restructuring, Corporate Finance
Industry: Financial Services, Superannuation
Type: Business and industry issue
Date: 3/04/2012

Risk appetite and operational risk reserves

Risk appetite is commonly described as the amount of risk an organisation, such as a superannuation fund, is prepared to accept in pursuing its financial or other strategic objectives. This apparently simple statement hides a myriad of ambiguities and complexities. Nevertheless the notion of risk appetite can add discipline and focus to organisational efforts to respond to an uncertain and constantly shifting environment.

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Risk appetite and operational risk reserves: Super fund trustees [PDF 379KB]

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This publication aims to assist superannuation fund trustees to better understand their need for a clearly expressed and integrated risk appetite statement.

Guide for superannuation fund trustees

What is risk appetite?
What are the benefits of integrating risk appetite?
How is risk appetite linked to an operational risk reserve?
How does the trustee articulate risk appetite?
What is the critical pathway to success
What are the challenges encountered in implementation?
What does success look like?

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KPMG works with organisations to help them better understand their risk exposures and develop robust control systems and measures.

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KPMG's Superannuation practice offers a range of services to superannuation funds, life offices, employers and fund trustees.

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