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The amendments provide a better understanding of the overall requirements especially with regard to P2G, however, I would like to make reference to section 5.7.1 Risk Appetite framework and Strategy. It is still not clear what constitutes an 'ideal' Risk Appetite Framework and Risk Management Framework. There is reference to risk limits, tolerances, and thresholds, however, there is no clear definition which is required to ensure harmonisation across the banking industry.
Ritianne Mangion