The Risk Coalition is a network of not-for-profit professional bodies and membership organisations committed to raising standards of risk governance and risk management in the UK.

The Coalition launched its Risk Guidance Initiative in 2018 to provide a framework and forum for UK financial services regulated firms to develop best practice. The IFoA is one of the Coalition’s ‘Supporting Organisations’, contributing to the development of the Risk Guidance through the involvement of their risk specialists and their broader membership.

The Coalition has been consulting on principles-based good practice guidance for all financial services firms, in terms of boards’ responsibilities for risk and the CRO’s role. The guidance is intended to become the first commonly agreed benchmark for ‘what good looks like’ in this area. The outcome of this work is Raising the Bar published in December 2019, and took into account stakeholder comments, including those submitted by the IFoA, as developed by the Risk Management Board and Research Committee. 

Contact Details

If you want more information about this research working party please contact the Communities Team.

professional.communities@actuaries.org.uk

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