Business Planning and Risk Appetite Assessment

Overview of business plan requirements. A business plan helps ensure a firm is ready for FCA authorization. The business plan should include sections on the firm's business model, customer base, compliance structure, and more. The training also provide an overview of the Risk Appetite Statement (RAS) requirements. The RAS is a document that outlines the amount and type of risk a company is willing to take to achieve its objectives. It helps to ensure that a company's decision-making is consistent and aligned with its strategic goals.