21 January 2000
The corporation believes current risk-mapping procedures, introduced two years ago, are not sufficiently comprehensive to regulate all operations undertaken by registered social landlords. Some RSLs already use more extensive risk management techniques.
Independent business analyst Caroline Shah has been assessing the work of ten RSLs – including seven that piloted the current risk-mapping framework – on behalf of the Housing Corporation.
Her report is to be presented to the corporation this week.
Tim Jackson, the corporation's assistant director for financial regulation, said it was time that all housing associations looked beyond basic risk-mapping.
'Risk maps tend to recognise big issues and future events rather than things that can go wrong with existing systems,' he added.
PFjan2000
