Agenda item

Report of the Director of Markets and Consumer Protection.

The Committee received a report of the Director of Markets and Consumer Protection providing the Markets Committee with assurance that risk management procedures in place within the Department of Markets and Consumer Protection are satisfactory and that they meet the requirements of the corporate Risk Management Framework.

The Chairman stated that the various risk owners would now be updated to reflect the appointment of the new Superintendents.

With regard to the risk associated with East Poultry Avenue, a Member questioned whether it would be feasible to close this off during trading hours. The Director stated that this would cause huge traffic problems in the surrounding area and reported that the Department of Built Environment were currently exploring other potential solutions including traffic calming measures. The Superintendent of New Spitalfields Market stated that extra consideration would need to be given to forklift trucks using this road as traditional traffic calming measures such as speed humps were not always effective for these type of vehicles.

In response to questions, the Director reported that risks were reviewed by the Senior Management Group on a monthly basis. The annual, fundamental, risk register review was also reported up to the Senior Management Group.

RESOLVED – That, Members note the report and the actions taken in the Department of Markets and Consumer Protection to monitor and manage effectively risks arising from the Department’s operations.