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Risk Appetite

Risk appetite is the amount and type of risk that an organization is willing to accept in pursuit of its business objectives. It reflects the organization’s tolerance for risk, taking into account its strategic goals and capacity to manage risk.

Clearly defining risk appetite helps businesses make informed decisions about which risks to take and what to avoid. This helps with setting appropriate controls and allocating resources effectively to mitigate potential risk.

A well-defined risk appetite helps keep an organization within acceptable risk boundaries while still striving to achieve objectives, maintaining a balance between risk and opportunity.

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