Enforcement of the GDPR goes into effect on May 25th 2018. The requirements apply to any organization conducting transactions with European Union citizens, regardless of the location of the business.

In a series of interviews with chief risk officers, heads of operational risk and other op risk practitioners at energy companies, including banks, insurers and asset managers we present our ranking of the top 3 operational risks for 2017.

The chief executive of Centrica has hit out at a proposed price cap on energy bills on Monday, warning it would lead to reduced competition and choice, and potentially higher average prices. Analysts have cautioned that some utilities may have to cut their dividends or that their credit ratings could be at risk if the Tories pressed ahead with a cap. The plan is a tougher one than alternative proposals to limit the difference between standard tariffs and cheaper fixed deals, which won cross-party support in a parliamentary debate earlier this year. It gives energy regulator Ofgem the power to reset the maximum price every six months as energy supplier costs change.