Phased Introduction of a Risk Appetite Framework
First written in FY2018. 6 of 7 entries say "Advanced", first in FY2019. Latest entry: FY2026.
7 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Risks that we recognize could have a particularly significant impact on our group’s business, performance, financial condition and other matters are discussed by the Board of Directors and the Management Committee within the Risk Appetite Framework and selected as top risks based on their potential impact and likelihood. Responses to the selected top risks are reflected in the Bank’s management plan, and the status of controls and other matters is checked periodically, with additional responses taken as necessary.」
The RAF continues as an operating process encompassing the selection of top risks, reflection of responses in the management plan, and periodic checks of the status of controls. - FY2024AdvancedAnnual report
「Risks that we recognize could have a particularly significant impact on our group’s business, performance, financial condition and other matters are discussed by the Board of Directors and the Management Committee within the Risk Appetite Framework and selected as top risks based on their potential impact and likelihood.」
It was explicitly stated that the RAF is incorporated into the selection of top risks, reflection of responses in the management plan, and periodic checks of the status of controls. - FY2022AdvancedAnnual report
「Risks that we recognize could have a particularly significant impact on our group’s business, performance, financial condition and other matters are discussed by the Board of Directors and the Management Committee within the Risk Appetite Framework and selected as top risks based on their potential impact and likelihood.」
The RAF was incorporated into the operating process for selecting top risks at the Board of Directors and Management Committee, reflecting response measures in the management plan, and periodically checking the status of controls. - FY2021AdvancedAnnual report
「Our group has introduced the Risk Appetite Framework (RAF), the core of our risk governance, and strengthened our management controls by continuously establishing risk appetite policies and indicators and selecting and managing top risks based on the RAF framework.」
Under the RAF, risk appetite policies and indicators are established, and top risks are selected and managed as an ongoing management process. - FY2020AdvancedAnnual report
「In fiscal 2019, we expanded the scope of the Risk Appetite Framework from ALM (asset-liability management) and asset management operations to all of the Bank’s operations, thereby enhancing our management controls.」
The scope of the RAF was expanded from ALM and asset management operations to all operations. This shows that the phased introduction progressed to the level of enterprise-wide management. - FY2019AdvancedAnnual report
「In fiscal 2018, we introduced the Risk Appetite Framework in ALM and asset management operations and advanced discussions and consideration toward extending it to all of the Bank’s operations.」
The Risk Appetite Framework was actually introduced in ALM and asset management operations. - FY2018First statedAnnual report
「We will also introduce the Risk Appetite Framework (note) in ALM and asset management operations to enhance our management controls.」
A policy was presented independently for the first time to introduce in phases a framework that clarifies the appropriate types and levels of risk and enhances management accountability and the Board of Directors’ oversight function, in order to secure earnings while maintaining financial soundness.