In this blog the Deputy Government Actuary Colin Wilson examines growing calls for the government to appoint a Chief Risk Officer. He looks at these and other calls for reassessments as to whether the UK is sufficiently prepared to address extreme risks.
After the end of 2021, the LIBOR rate, which used to price many financial instruments, will cease to be published. This blog looks at SONIA, the UK replacement, and the transition from LIBOR to SONIA.
LIBOR (the London Inter Bank Offered Rate) is slowly becoming a thing of the past. We take a look at the much-maligned benchmark rate, what it is used for, the alternatives that have been introduced to replace it, and who could be affected.
GAD has arranged a 2 day event on the government's climate challenge and the role risk management can play. This event will look at understanding and reflecting climate uncertainty as well as future government challenges. Read more about this from one of the people in GAD who has helped set up the event.