IPCC advocates immediate action on climate change

Global temperatures are likely to rise by over 1.5°C above pre-industrial levels over the next few decades, according to the latest report from the Intergovernmental Panel on Climate Change (IPCC)

But if governments and industry take immediate and Read more

UK Government digital transformation faces acute challenges

The UK Government’s digital transformation project faces acute challenges, according to a report by the National Audit Office (NAO).

The NAO, which reports independently on government initiatives, found that most of the Government’s 11 digital strategies over the past Read more

Mergers and acquisitions emphasise role of ESG

Pundits expects global merger and acquisition (M&A) to increase in the second half of 2023 and they expect that environmental and social governance (ESG) to play a larger role in due diligence.

While investors said M&A deals would rise Read more

Audit committees focusing on risk management

Audit committees are increasingly focusing on risk management this year, according to two leading surveys of executives.

Enterprise risk management (ERM) ranked second (45 per cent) – behind cybersecurity (63 per cent) – as one of their top areas Read more

Third-party errors hit operational flow

Third party errors have hit the operational flow of over eight in ten businesses (84 per cent), according to a pole of executive risk committees.

Impacts include operational disruptions, financial or reputational loss and increased scrutiny from regulars – Read more

Mixed messages over business confidence

Surveys are showing mixed messages over business confidence making it difficult to predict investment trends.

In the UK, for example, Lloyds bank said that business confidence was up by 23 per cent at the beginning of 2023. The jump Read more

Cyber risk, business interruption and talent rank as top 2023 risks

Risk managers rated cyber risk and business interruption as the top risks facing their organisations in 2023, according to a survey by the insurer Allianz.

Almost neck and neck in its annual survey, the report said that the Read more

Compliance fines bite financial services firms

Compliance fines and regulatory lapses continued to bite financial services firms hard in 2022.  

The Financial Conduct Authority (FCA), the industry watchdog, posted over £215 million worth of fines on its website for 2022. Santander received the biggest Read more