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The pandemic demonstrated the importance of ensuring that resilience is now an integral part of supporting organisations and customers, not just during a crisis, but continuously, through all the ...

Topics: Insurance Sector

October 18, 2021

We have just released our Operational Resilience Salary Benchmark report for the UK. The report also includes typical Operational Resilience organisational structures within financial services firms. ...

Topics: Insurance Sector

October 12, 2021

Most dual-regulated and SMCR enhanced firms have made progress with operational resilience. However, we’ve found that inertia arises frequently when identifying Important Business Services (IBS). ...

Topics: Insurance Sector

September 20, 2021

On 26 July, the Financial Conduct Authority (FCA) sent a Dear CEO letter to Investment Platforms, setting out reminders of their expectations for Operational Resilience.

Topics: Insurance Sector

August 6, 2021

Managing third-party risk is high on the priority list for financial services firms in 2021, and for PRA regulated firms, the added requirement to comply with the new regulatory regime (SS2/21) means ...

Topics: Insurance Sector, Retail Finance

July 12, 2021

The continued fallout involving the payments processor, Wirecard, serves as a timely reminder of the prudential regulatory requirements that came into effect for the UK Payments sector, almost a year ...

Topics: Insurance Sector, Retail Finance

July 2, 2021

The deadline for compliance to the Prudential Regulation Authority's (PRA) Outsourcing & Third-Party Risk Management policy is the 31st of March 2022. The PRA’s Outsourcing & Third-Party Risk ...

Topics: Insurance Sector

June 30, 2021

One of the things the global pandemic has shown us during the last 18 months is that no firm is immune to disruptions. Building an Operationally Resilient business is more crucial than ever but also ...

Topics: Insurance Sector

June 24, 2021