The paper takes up the theoretical aspects that I dealt with in the first part of the AIFIRM-APB position paper, Business Model and SREP: the role of the CRO and the CFO and which I commented on in the Webinar of last July 9th. Starting from a defining framework, I deepen the theme of business model risk and its relationship with strategic risk. And I raise the question of revising the banking risk framework. In particular, I highlight how the business model and strategic risk depend on the

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... gement model. At the same time, ample space is dedicated to illustrating how the management model risk influences the sustainability of the business model. I examine the operational implications of the theoretical framework of the business model and propose a review of the business planning process. The purpose of the article is to start a debate with the intervention of risk management specialists above all.