Banking · Risk Appetite Statement and Risk Culture
In the context of bank risk governance, the Risk Appetite Statement (RAS) is considered a foundational tool. Which of the following best characterizes an effective RAS in promoting a sound risk culture?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is static and remains unchanged regardless of shifts in the macroeconomic environment.
- 2It sets clear boundaries that are communicated and embedded into the bank's strategy and decision-making.✓
- 3It is treated as a confidential document accessible only to the Chief Executive Officer.
- 4It focuses solely on qualitative descriptions of risk without any quantitative metrics.
Correct answer
It sets clear boundaries that are communicated and embedded into the bank's strategy and decision-making.
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