18. RAF RAS

Question 1

Que significa RAS y RAF?

Answer 1

RAS (Risk Appetite for the System): It is the level of risk an organization is willing to tolerate in its financial system to achieve its objectives while maintaining a certain degree of security and control.

RAF (Risk Appetite for the Fin): It is the level of risk an organization considers acceptable in relation to its specific financial objectives, focusing on maximizing value for shareholders or stakeholders.

Question 2

In Risk Apettite, who is in charge of..
a) Limit Monitoring
b)Risk appetite Monitoring
c) Risk Appetite Monitoring and Escalation

Answer 2

a) BUnit / CEO
b) Mng Risk Committee
c) Risk committee and board of directors.