Agenda item

Report of the Markets Director.

Members received a report of the Director of Markets providing an update on Wholesale Markets Risks.

In reply to a question from a Member, the Chief Operating Officer confirmed that the Markets did not hold key man or critical illness insurance, but undertook to explore whether this would be useful.

A Member asked for clarity on how risks were represented by the flightpaths. Officers undertook to discuss ways to change the description.

A Member asked if there was a potentially unidentified risk of disruption from protest action in and around London and the M25. The Chief Operating Officer confirmed that this was covered by the congestion risk.

RESOLVED, that – Members note the report and the actions taken in the Markets Division to monitor, and manage effectively, risks arising from its operations.