OCC Heightened Standards (12 CFR Part 30, Appendix D)
II. Standards for the risk governance framework – OCC Heightened Standards (12 CFR Part 30, Appendix D)

OCC Heightened Standards (12 CFR Part 30, Appendix D) II.G.1: II.G.1 Annual board approval of the risk appetite statement

The framework should require review and approval of the risk appetite statement by the board or its risk committee at least annually, or more often with the size and volatility of risks and material changes in business model, strategy, risk profile or market conditions (monitoring and reporting in G.3 to G.5 more often as the size and volatility of risks or material changes require).

Maintained by Gerard BlokdykVerified against the published standard Control text last updated

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