One of the many questions we are asked by clients is “what is a proportionate approach to operational resilience?" This blog will provide some useful direction to help firms answer this question.
Chris is an Operational Resilience and Business Continuity specialist with 11 years of experience within the financial sector. Most recently Chris has been heavily involved in implementing Operational Resilience programmes across banking and insurance firms with a focus on Impact tolerances and scenario testing. He is experienced in integrating Resilience risk management within existing enterprise risk management frameworks including training and support of first line teams. In addition to understanding of both the FCA and PRA policies Chris also has the knowledge and expertise to design operational programmes tailored to suit the proportionality of a wide range of different firms across the financial sector.
Last week, David Bailey, Executive Director for UK Deposit Takers Supervision at the BoE, delivered his speech on the key next steps on the PRA's supervisory Operational Resilience roadmap.
The importance of clearly interpreting your Important Business Services (IBS) with appropriate detail, is critical. With an unambiguous definition of customer, process and intolerable harm, setting ...
In March this year, the FCA (Financial Conduct Authority) and Prudential Regulatory Authority (PRA) launched joint policies for Operational Resilience. The PRA released an accompanying supervisory ...
