UK’s national infrastructure faces catastrophic cyber-risk

The UK government said that the country could be brought to a standstill by a catastrophic ransomware attack, according to a report by the National Cyber Security Centre (NCSC).

While fraud risk was one of the most significant threats Read more

Bank of England urged to improve diversity in decision-making

The Bank of England (BoE) faces a major overhaul of its internal culture, governance and appointments practices following a critical report by the House of Lords.

A key criticism of the bank – and other central banks in Read more

Financial firms stuck on cloud development

While cloud adoption by organisations accelerated during the pandemic, many financial organisations have chosen not to move back-office functions onto such external servers, according to a survey by Capgemini.

The percentage of survey respondents who said they had Read more

Talent shortages hamper risk management efforts

Doing business has become more difficult and uncertain since 2021 and shortages of talent in key areas are hampering risk management efforts, according to a recent survey by Aon.

While the risk rankings of the bi-annual survey show Read more

Whitepaper: A guide to preparing for the UK Corporate Governance Reforms

For the first time in half a decade, the UK Corporate Governance Code is undergoing a significant transformation. The Code will provide extensive shifts in the responsibilities and obligations of larger organisations in the UK, leading to standards of Read more

UK moves step closer to stable coin regime

The Bank of England (BoE) together with regulatory authorities have launched a series of documents which will form the basis for a new sterling-denominated stable coin regime for Britain.

Papers published in November 2023 by BoE, the Financial Read more

Government focuses on understanding AI’s future

The UK government has called for better understanding of artificial intelligence (AI) to balance the potential risks and opportunities in a discussion paper on the topic.

There are a wide range of potential social risks associated with the Read more

Regulatory change and emerging risk top compliance concerns

Compliance functions and risk managers said that their top strategic priorities over the coming 18 months are keeping abreast of regulatory changes and mitigating emerging risk, according to Thomson Reuters.

Half of respondents to the survey underpinning the Read more