: https://www.bain.com/insights/managing-risk-and-capital/

1.1 An effective approach to managing through the balance sheet requires putting risk and capital at the heart of the banks strategy. With reference to the banking sector, critically discuss the elements that should be prioritised when formulating a risk management strategy. (20 marks)

1.2 As highlighted in the study results, many bank executives spoke of the need to invest more board-level time and attention into defining the enterprises overall risk appetite as the critical starting point for setting its portfolio and corporate strategy. Do you agree with this statement? Provide relevant evidence to substantiate your response.