Agenda item

Report of the Chamberlain.

The Committee considered a report of the Chamberlain which provided updates regarding the top risks within the Chamberlain’s Departmental Risk Register.

The Chamberlain advised the Committee that the risk in relation to funding reductions had been reduced to green. He advised that this risk would be replaced with a new risk, which would focus on ensuring that value for money and continuous improvement were achieved across the Corporation.

The Chairman commented that any additional headroom in budgets should, in his view, be focused on addressing capital issues, rather than to increase revenue budgets.

A Member queried whether the impact rating for the risk in relation to Cyber Security referred to a breach for the Corporation or the City of London Police and, if the latter, queried whether the impact should be higher. The Chamberlain explained that the Corporation and Police worked together on Cyber Security to ensure that appropriate security levels were applied to all systems. Members requested that the Chamberlain consider whether this risk could be split into separate risks for the Corporation and Police to allow a more accurate assessment of the impact of the risk.

RESOLVED – That the Committee notes the report.