HC-6.6.17
The
(a) include both quantitative and qualitative considerations;
(b) establish the individual and aggregate level and types of risk that the bank is willing to assume in advance of and in order to achieve its business activities within its risk capacity;
(c) define the boundaries and business considerations in accordance with which the bank is expected to operate when pursuing the business strategy; and
(d) be communicated effectively throughout the bank, linking it to daily operational decision-making and establishing the means to raise risk issues and strategic concerns across the bank.
Added: July 2018