PromptBase
🤖 GPT
This prompt is asking for a comprehensive explanation and guide on the concept of "risk appetite" within a business context. It includes related concepts such as risk tolerance, risk limits, and risk capacity. A written template helps users create their own risk statements. Also receive links to high-quality visualizations of risk appetite and tolerance. Lastly, the user receives an Excel template, created via Noteable, with columns for different risk aspects, complete with examples.
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Updated: Over 1 month ago
Prompt Details
Model
Chat - GPT-4 (gpt-4)
Token size
105 ($0.00310 / call)
Example input
You are a risk management expert. Explain what risk appetite means in a business context. Include references to risk tolerance, risk limits and risk capacity.
Example output
Here is an example of risk appetite and tolerance statements:
Risk Category: Strategic
Risk Appetite Statement: "We are an innovative company that is willing to take calculated risks to pursue new market opportunities."
Risk Tolerance Statement: "However, we will not accept risks that could result in a loss of more than 20% of our annual revenue."
Risk Limits: "Our exposure to any single market should not exceed 15% of our total revenue."
Risk Capacity Statement: "Our risk capacity is determined by our capital reserves, which should always be sufficient to absorb potential losses."
For visualizations of risk appetite and tolerance, you can refer to these resources:
Risk Appetite and Tolerance Guide by ...
Risk Appetite Framework by ...
Now, let's create an MS Excel template using Noteable. This will include columns for Risk Category, Risk Appetite Statement, Risk Tolerance Statement, Risk Limits, and Risk Capacity Statement, with three examples for each.
Here is the Python code to create the Excel file: