The Institute of Risk Management is Coming to Gibraltar - Join us for the Launch on 3 April 2025

The Institute of Risk Management (IRM), in partnership with Gibraltar businesses, relevant educational institutions, government bodies and related industry bodies, is establishing an IRM Regional Group.

The Institute of Risk Management (IRM), together with its members working locally has recognised there is demand to enhance risk management skills in Gibraltar, which would align to the well-established, strong jurisdictional focus on compliance. Both these disciplines are crucial for maintaining regulatory standing and international credibility.

The National Risk Assessment already carried out annually, recognises the importance of embedded good risk management for identifying, assessing, managing and mitigating the high-profile risks Gibraltar faces, in common with many other jurisdictions. Failure to do so could impact the territory's economic stability, resilience, and long-term prosperity.

High Level Risks recognised by Gibraltar as a Jurisdiction

Geographic Location

Gibraltar is a British Overseas Territory located at the southern tip of the Iberian Peninsula, adjacent to Spain. Its strategic location makes it susceptible to various geopolitical, economic, and environmental risks. Risk management can help to anticipate and mitigate these potential threats.

Economic Stability

Gibraltar's economy heavily relies on financial services, gaming, tourism, and shipping. Any disruptions, whether they are related to global economic downturns, regulatory changes, or market fluctuations, can have a significant impact on the territory's financial well-being. Effective risk management can help safeguard its economic stability.

Environmental Concerns

Gibraltar faces environmental risks such as flooding, storms, and rising sea levels due to its coastal location. Proper risk management can help the territory prepare for and respond to such natural disasters, reducing potential damages and ensuring public safety.

Cybersecurity Threats

As Gibraltar's economy becomes increasingly digital, the risk of cyberattacks and data breaches also rises. Robust risk management in cybersecurity is essential to protect critical infrastructure, financial data, and personal information.

Infrastructure Development: Gibraltar's ongoing infrastructure development, such as its airport and port facilities, carries inherent risks related to project management, cost overruns, and delays. Proper risk assessment and management can help ensure these projects are completed successfully.

Reputational Risk

Gibraltar's reputation as a stable and reliable business jurisdiction is vital for attracting investment and maintaining its financial services industry. Managing reputational risks and ensuring transparency are essential to preserve its standing.

Join us on 3 April 2025 to learn more about this new and exciting initiative which benefits all businesses operating in Gibraltar.

Click here to register your attendance: https://www.eventbrite.co.uk/e/gibraltar-regional-group-launch-event-tickets-1280694976149?aff=oddtdtcreator 

Don't delay registering as numbers are limited