The Risk Coalition

The Risk Coalition is a network of not-for-profit professional bodies and membership organisations committed to raising the standards of risk governance

The Risk Coalition’s new guidance, Raising your Game, has been published and is available, it can now be downloaded for free! Raising your Game is cross-sector guidance for boards and their committees with consolidated risk responsibility (whether a dedicated risk committee or an audit & risk committee).

In December 2019, the Risk Coalition launched its original, leading practice guidance for board risk committees and second line risk functions in the financial services sector, Raising the Bar. During 2023 and 2024, we worked on our cross-sector risk governance guidance and, following a public consultation process, we are now delighted to have published Raising your Game.

If you've not yet read Raising the Bar - or if you've misplaced your copy - you can download Raising the Bar for free.

Who we are

The Risk Coalition was formed in 2018 to meet the need for coherent, principles-based good practice for board risk committees (risk oversight committees) and risk functions.

Risk Guidance

Raising Your Game, cross-sector risk governance guidance for boards and their committees with risk oversight responsibilities is our third major publication - February 2025.

The Risk Coalition’s first piece of work was our guidance on risk governance for board risk committees and risk functions in financial services, Raising the Bar. This was published in December 2019.

Our second publication was The Extra G - ESG², which focuses on geopolitical risk and its intersection with ESG issues. This was published in October 2021.

Insights & Benchmarking

In developing our guidance, the Risk Coalition has consulted widely. We have drawn on industry, academic and regulatory best practice and consulted widely, including with the key UK regulators who are supportive of all work that raises risk standards across the industry.

Objectives

The Risk Coalition’s objectives for this principles-based guidance are to:

establish a common understanding of the purpose, role and activities of the board risk committee (or risk oversight committee) and risk function;
provide a benchmark against which board risk committees (or risk oversight committee) and risk functions can be assessed objectively;
raise the general standard of risk governance and oversight practice; and
fill the gap in principles-based good practice risk guidance whilst recognising the presence of detailed regulation.

Structure

The Risk Coalition is supported by the Risk Coalition Research Company Limited, a not-for-profit company established to propose, initiate, administer and deliver Risk Coalition approved projects and initiatives. The Risk Coalition Research Company is managed by the Leadership Team.