Improving contingent liability management
GAD has been announced as a key partner to help establish the new Contingent Liability Central Capability function for government.
From:
16 December 2020
The Government Actuary’s Department (GAD) has been selected as a key partner to establish a function to monitor and understand the evolving nature of the risks which can affect government.
Proposal and objectives
In March 2020 HM Treasury published proposals to improve the management of guarantees and insurance provided by government. GAD played a key role in developing the proposals, the objectives of which are to:
improve the expertise within government to quantify and price risk