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Assess Risk

Registered social landlords (RSLs) are responsible for identifying and managing risks to their own businesses.

When we talk about risk, we mean the risk to our overall regulatory purpose and objectives. Risk-based regulation allows us to prioritise our activities and our use of resources in order to assess the risks that regulated bodies pose to our objectives and to plan how to address these risks in engaging with RSLs.

The main risks to our purpose are likely to arise from the poor performance or failure of an RSL in terms of financial health, stock quality, investment, governance, and service quality.

Our risk-based approach to regulation is based on regulated bodies providing the right sort of assurance to us mainly through standard, annual information returns.

When we have assessed risks to our purpose, we decide what our response should be and what level of engagement we need to have with an organisation: high, medium or low.

Our regulatory response is based on the level of assurance we need. Where we need greater assurance, we may specify additional information requirements.

We will issue Regulatory Plans to RSLs.

We will shortly publish a list of RSLs, categorised according to our plans for engaging with them in the publications and reports section of the website.

You can read more about our approach to risk-based regulation in our Guide To How We Regulate. This approach reflects the lessons learned from the 2007 pilot project to produce regulatory statements.