FourthLine's Operational Resilience Senior Consultant, Matthew Reid, is producing a series of videos outlining key considerations when businesses set up their Operational Resilience framework.
In his latest video, Matt gives an overview of what the regulators expect to see when reviewing a firm's Operational Resilience Program. Watch the video here now>
According to the FCA and PRA, Operational Resilience is not about protecting the reputation of a firm or the industry as a whole. It is about preventing operational incidents from impacting consumers, financial markets and the UK financial system.
The regulators will be interested in how a firm sets and tests impact tolerances using different events that may impact consumers, financial markets and the UK financial system.
Watch Matt give an overview of Regulator expectations in his latest video by clicking the link below:
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