In this episode, Waleed and Isaac talk about how the FCA is setting the scene for the year through some of their Dear CEO letters and speak to RegNut’s first ever guest, Chris Burt from Risk Coalition about their exciting new initiative supporting CROs and Chairs of Risk Committees.
RegNut welcomes Chris Burt (linkedin profile) from Halex Consulting. Chris is one of the founding members of the Risk Coalition, an association of not-for-profit professional bodies and membership organisations committed to raising the standards of risk management in the UK.
We discussed the Risk Coalition’s good-practice guidance for board risk committees and risk functions within the UK financial services sector. The guidance is entitled Raising the Bar and was published in December 2019. This guidance has been endorsed by the Financial Conduct Authority and the Financial Reporting Council (FRC).
RegNut’s view: defining the role of the risk function and the board risk committee is a useful and valuable way to bring clarity to the risk management role of business.