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Risk Appetite Framework vs Risk Plan (Litterman)

Thread starter #1
Hi @David Harper CFA FRM CIPM ,
The Senior Supervisors Group paper describes a risk appetite framework that lays out the institutions approach to risk management in a very detailed way. Litterman describes a risk plan that sounds similar to the risk appetite framework (although potentially more intended for funds rather than financial institutions) .

Is there a material difference between these two?
 
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