Risk Appetite Resources

December 2012 Bonus Resource

Over the fall, I was invited to give three talks in which gave me an opportunity to share emerging practices and experience in articulating and applying risk appetite and risk tolerance:

  • Risk Appetite and Risk Tolerance” co-presented by me and Rob Quail of Hydro One Inc. at the RIMS Canada conference in September
  • Making Smart Risk Decisions – Developing Risk Appetite and Risk Tolerances” co-presented by me and Michelle Williamson-Reid of Technical Standards and Safety Authority at the O-RIMS professional development session in October
  • Calibrating Your Nonprofit’s Risk Appetite: Candid Conversations at the Board Table” presented by me for the Nonprofit Risk Management Center’s ‘first Wednesday’ webinar series. You can access the recording at:http://www.nonprofitrisk.org/training/webinars/webinars_2012.aspScroll down to the ‘Risk Appetite’ webinar held on December 5, 2012 (it’s at the end of the list of webinars). Clicking on the orange “Register Now” button will put the webinar in your shopping cart (cost is very reasonableatUS$59). After completing checkout, you will be given a link or directed to the page with the recording. (Note: All proceeds from the sale of this webinar support the Nonprofit Risk Management Center).

In the spirit of sharing, here is the Risk Appetite Bibliography I compiled in my research for the talks:

  • Defining Your Taste for Risk. Article by R. Quail in Corporate Risk Canada, 2012
  • Exploring Risk Appetite and Risk Tolerance. RIMS Executive Report, 2012.
  • Understanding and Communicating Risk Appetite. L. Rittenberg, F. Martens, COSO, 2012.
  • Risk Awareness and Risk Appetite. Chapter by D. Del Bel Belluz & M. Lockwood Herman in Ready… or Not! A Risk Management Guide for Nonprofit Executives 2nd Edition, Nonprofit Risk Management Center, 2011.
  • Enterprise Risk Management: Today's Leading Research and Best Practices for Tomorrow's Executives, John R.S. Fraser and Betty J. Simkins (editors), John Wiley & Sons, Inc., 2010. References in:
  • Chapter 7: ERM Frameworks, by J. Shortreed
  • Chapter 16: Operational Risk Management, by D. Del Bel Belluz
  • Chapter 17: Risk Management, by J. Rizzi
  • Chapter 27: Establishing ERM Systems in Emerging Countries, by D. Yener
  • Research into the Definition and Application of the concept of risk appetite. Report by Marsh and University of Nottingham. Commissioned and published by airmic, 2009
  • Tricks to Tolerance. Article by D. Del Bel Belluz in Risk Management Made Simple Advisory, 2008

  • Thinking about risk – Managing your risk appetite: A practitioner’s guide, HM Treasury, 2006

 

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Current Special Offers for Subscribers

The code to access the following special offer has been emailed to all Risk Management Made Simple Advisory subscribers:

Not yet a subscriber, but want to access these special offers?

When you subscribe to the Advisory, we'll send you the code for all current special offers along with a link to your New Subscriber Bonus, a copy of Moving Beyond the Risk Map to Operational Vigilance.

FIND OUT FOR YOURSELF why risk management leaders subscribe, click to access the ARTICLE INDEX of all past issues of the Risk Management Made Simple Advisory.

"I save and study each issue of the Advisory. I appreciate how Diana gives very practical advice and links it to fundamental theories and best practices." 

Sherrie Hyde, Risk Manager, Lutherwood

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Diana's Pick

The Neuroscience of Enterprise Risk Management (written by Diana Del Bel Belluz of Risk Wise) expores findings from the field of neuroscience and shares practical tips on how to apply them to enhance individuals' risk management thinking and implement brain-friendly ERM practices in organizations.

The article was published by The Conference Board of Canada in the Autumn 2017 issue of the journal Risk Watch.