risk appetite
Wandsworth Council is currently reviewing its risk appetite in light of significant financial challenges, with a follow-up review expected in summer 2026.
Wandsworth Council's Audit Committee reviewed the authority's risk appetite and management on March 11, 2026, with a particular focus on significant financial challenges anticipated from reduced funding. The Director of Financial Services presented this review, which included an initial assessment of potential corporate risks with the Director's Board. A follow-up review is scheduled for summer 2026.
During the March 2026 discussion, Councillor Mrs. Kim Caddy inquired about how Wandsworth Council assesses its risk appetite to potentially embrace more calculated risks. A training plan for risk management is now in place. Risk appetite refers to the level of risk an organisation is willing to accept in pursuit of its objectives.
Key facts
- Wandsworth Council's Audit Committee reviewed risk management and risk appetite on March 11, 2026. Source
- The review focused on anticipated financial challenges due to reduced funding. Source
- A follow-up review is scheduled for summer 2026. Source
- A training plan for risk management is in place at Wandsworth Council. Source
- Councillor Mrs. Kim Caddy inquired about assessing risk appetite. Source
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 30 September 2026. Spotted a mistake? Email community@opencouncil.network.