Risk management “a must” – not least for social housing

Today’s Financial Times has a Special Report on Risk Management and how it is “a must for decision-makers during uncertainty”.

The lead article on Difficult decisions on how to stay safe surveys key business risks in this recession. It struck me how many of the risks have a particular salience for social housing providers: supply chain, fraud, remuneration, cashflow.

Last Sunday’s Observer had an article about housing associations being ripped off with “soaring losses” and “rocketing fraud”. The sensationalism aside, there is a need for social landlords to be awake to fraud risks, including those associated with development.