Marco de apetito al riesgo I: un acercamiento al sector real

Abstract

This paper aims to lay the foundations of what could be the structure and set of rules that allow companies in the real sector to develop risk management and have a parameter that guides decision-making, without exceeding a limit risk affecting equity. Initially, the concepts related to the Risk Appetite Framework are clarified, the tools that facilitate the estimation of financial risks that impact the profits of companies in the real sector are recalled and guidance is given on which models could be to be used that would lead to building the organization´s Risk Appetite. Finally, some conclusions are given on the subject. To develop this proposal, we start from the Risk Appetite Framework guide applicable to the banking sector, given the scarcity of regulations for the real sector of the economy.