Principal risks

The Board has made a robust assessment of the principal risks which the Group faces, the controls in place to remove or mitigate these risks and also whether these risks represent new, increased or decreased threats. The assessment of these risks and controls is part of the ongoing management of the business.

The principal risks that could adversely impact the Group’s profitability and ability to achieve its strategic objectives are set out on pages 56 to 65 of the 2016 Annual Report.