Thanks Pawan. These are difficult concepts to grasp at first, but once you've got the basic idea then it becomes easier.

Thanks for this positive feedback Mai. You are most welcome

Thanks Gridharan, I'm glad you liked this video.

Fotoh Paul Thank you Paul. I'm pleased that you enjoyed this presentation. The life of a risk specialist is certainly interesting!

Thank you for this positive and encouraging feedback Shekeba. Much appreciated.

Thanks for this positive feedback Ali, I'm glad you enjoyed it!

Gettachew Tiruneh Thanks for this encouraging and positive feedback Gettachew. I'm really glad you find these videos useful.

Thanks Eduardo.

+mamadou CISSE . Thank you Mamadou, I'm glad to have provided some insights for you.

Thank you Marco, I'm glad you liked it! And I hope the ideas in this presentation help you to understand your own risk appetite and take the right risks safely!

You're welcome Eddie.

You're welcome.

Welcome

I agree, the camerman made a mistake! So sorry.

Thank you for this perceptive question Ashwin. The answer is that you don't "factor in" changes in the base, but you do need to re-assess your risk appetite on a regular basis. I would recommend doing this at key phases or decision points, as well as during the regular strategy review process. There will almost certainly be drivers outside the control of the organisation, and these need to be taken into account, as well as internal factors, and performance in the previous period, and changes in strategic direction. Setting risk thresholds is a dynamic process, adjusting the risk appetite in response to the current situation and the latest set of strategic objectives.Please let me know if you need further guidance on this topic.

i real impressed with the presentation

I know, it was a big disappointment, sorry.

I'm glad you liked it.

Thanks for this thoughtful response Ricardo. You can find more about the RARA Model at www.RARA-risk.com. Your example of "steal to eat" is a graphic illustration of the need to connect risk appetite with risk attitude. My colleague Ruth Murray-Webster and I have done a lot of work in making this area practically useful, which involves tackling exactly this sort of question.

Thanks for this. It was a great presentation and yes the model does address the conflict between delivering on values and achieving objectives where the attitude as you say moderates the appetite usually manifest in risk policy statements/tolerances, values statements etc .. Personally I think it allows for better transparency and integrity in decision making - lived values and good governance instead of rhetoric. e.g. "A XYZ Plc we care about the environment" and the firm can now consider "If we dispose with this supplier we will decrease our outgoings and the project's net discounted cash flow and meet or required rate or return but there is the likelihood that since they are not certified lead may leak into the town's ground water. Do we acceptance that chance or is this something or business simply cannot "live" with? I shall be embarking on my practice in the providing RM services for firms soon. The challenge I have found is communication of the ideas. I find your style to be simple and should accessible to most who are not necessarily exposed to the field. I shall reference your work: impressive and accessible. Please keep it up!!

Thank you Ricardo. I wish you success in your new business endeavour. When communicating about risk, the secret is to keep things as simple as possible, and always relate the risk to something that matters to your client.The goal in risk communication is to help people to PAY ATTENTION and TAKE ACTION. A recent Risk Doctor Briefing addresses this, here: www.risk-doctor.com/docs/110%20Communication%20for%20attention%20+%20action%20(DH).pdf

Hi Sridhar, you're right, it's a shame that the camera angle didn't include the slides. But there's another version of this same talk on the RiskDoctorVideo KZfaq channel where the slides are visible - search for "How hungry are you for risk?" Or we can provide a copy of the slides if you send your email address to contact@risk-doctor.com.