Canada's TD Banks is reportedly considering a measured ratcheting up of risk appetite within its capital markets business, as reported in the Financial Post.  

TD had been known for some time for its low risk appetite in capital markets activities under Ed Clark, the previous CEO. However the current CEO, Bharat Masrani, is considering a modest and measured change of TD's risk appetite position.  What is interesting about this news is the bank's actively thinking about risk appetite as a concept, as opposed to simply putting risk on the books as well as the attention it is getting in the C-Suite (and obviously its board).  Adjusting risk appetite as a concept is an important part of the practice of enterprise risk management and a good way to align the firm's risk culture with strategy.  Aven (2013) discusses the role risk appetite plays in firms and governance including motivation for the decision, in the case of TD, perhaps it is serving its growing corporate client base following recent acquisitions combined with organic growth.  More in bank risk appetite, an under studied area, in coming future governance trends. 

Check out the FP article at http://business.financialpost.com/2015/03/26/is-td-banks-new-chief-executive-bharat-masrani-notching-up-the-banks-risk-appetite/

Reference: Aven, (2013).  On the meaning and use of risk appetite concept. Risk Analysis, vol. 33(3).