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What is a proportionate approach to Operational Resilience?

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.

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A Guide to TPRM Regulation (Part 2) Contracting & Onboarding

Topics: Investment & Asset Management, Insurance Sector, Retail Finance

October 25, 2022
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A Guide to TPRM Regulation (Part 1) Plan, Evaluate & Select

This is the first amongst a series of articles that will provide a broad overview of the PRA and FCA's regulations at each stage of the Third-Party Risk Management (TPRM) lifecycle. I will provide ...

Topics: Investment & Asset Management, Insurance Sector, Retail Finance

October 3, 2022
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Banks & Building Societies | Operational Resilience Lessons Learned

FourthLine has now worked with a number of banks and building societies giving expert advice, guidance and tools to help implement their Operational Resilience frameworks.

Topics: Insurance Sector, Retail Finance

May 19, 2022
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How to Resource against your Operational Resilience Programme

With the recent publication of the PRA’s supervisory statement on Operational Resilience, firms are now in the process of building and delivering their response. At FourthLine, we are supporting ...

Topics: Insurance Sector, Retail Finance

November 23, 2021
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The importance of collating all Business Units into your Operational Resilience plan

With the PRA and FCA's Operational Resilience compliance deadline now less than 5 months away, most in-scope firms are well on the way to building their own Operational Resilience resources and ...

Topics: Insurance Sector, Retail Finance

November 9, 2021
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Outsourcing and Third-Party Risk - Understanding your Fourth parties

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
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The FCA's Payments & E-Money wind-down guidance- One year on

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
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Operational Resilience - 52% of Firms not getting Board Buy-In

With the FCA and PRA's deadline now defined for Financial Services firms to comply with the new Operational Resilience Policy Statement, financial services firms are indicating that they struggle to ...

Topics: Insurance Sector, Retail Finance

June 17, 2021
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