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UK government needs a chief risk officer to boost resilience, experts say

UK government needs a chief risk officer to boost resilience, experts say
By Josh Lowe on 04/06/2021
Resilience after COVID-19: the government must seize the opportunity to prepare for extreme risks. Credit: Matthew Prior/Wikimedia Commons
The UK government should adopt a “three lines of defence” model and establish a chief risk officer (CRO) to improve the country’s resilience, experts have suggested.
Future Proof, a new report from the Centre for Long Term Resilience, considers how the UK government can improve the way it manages extreme risks in the wake of the COVID-19 pandemic.
“While the scale of national tragedy is alive in our minds, the government must seize this opportunity, and ensure we are much better prepared for the next extreme risk event that will devastate lives and economies on a global scale,” the report says. ....

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'Engineered pandemic' as big a threat as nuclear war, report warns

One in six chance that a catastrophic event could occur in next 100 years, expert calculates ....

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Jamaica Central Bank to introduce digital currency next year

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KINGSTON – The Bank of Jamaica (BOJ) said it anticipates that the introduction of a Central Bank Digital Currency (CBDC), scheduled for next year, will serve to bolster government service delivery and boost financial inclusion for a greater number of Jamaicans.
BOJ governor Dr. Richard Byles said the challenges arising in relation to the deployment of funds to beneficiaries under the multibillion-dollar coronavirus (COVID-19) Allocation of Resources to Employees (CARE) programme, highlights the need for the CBDC.
“The simple act of trying to get government support out to those who [were] most in need became very difficult because many Jamaicans are not part of the financial network and also because a lot of the banking [arrangements are] still not digitised,” he said. ....

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