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In the realm of risk management, setting appropriate risk limits for business units is crucial. This responsibility typically falls to senior management, who, in consultation with the board of directors, define these limits based on the organization's risk appetite and strategic goals. The Chief Risk Officer (CRO) and the Risk Management Committee play pivotal roles in this process, ensuring that the limits are effectively communicated and adhered to across all units.​

By establishing clear risk limits, organizations can:

Maintain control over potential exposures.

Ensure consistency in risk-taking activities.

Facilitate compliance with regulatory requirements.

Enhance decision-making processes at all organizational levels.​

Understanding who sets these limits and how they are implemented is essential for effective risk governance and the overall health of the organization.​

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