PwC's Managing upstream risk: Regulatory reform review - An asian perspective November 2013 | Page 23

The Principles aim to enhance the supervision
of SIFIs but are also relevant for the supervision
of FIs and groups more generally, including
insurers, securities firms and other non-bank
FIs. An appropriate RAF should enable risk
capacity, risk appetite, risk limits, and risk
profile to be considered for business lines and
legal entities as relevant, and within the group
context. Subsidiaries of groups, in particular
of SIFIs, should have a risk appetite statement
that is consistent with the institution-wide RAF
and