Blog

Operational Resilience | Important Business Services Identification (IBS) - Challenges and Lessons Learnt

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).

Both large and small firms seem to encounter a common set of challenges at this phase.

Sam Tyler, one of our Risk and Resilience Analysts, outlines some of these challenges.

Read more

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: Featured, Risk Management, Banking, Professional Services, Flexible, Talent Solutions

July 2, 2021
Read more

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: Featured, Risk Management, Insurance, Banking, Flexible, Talent Solutions, operational resilience

June 17, 2021
Read more

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: Featured, Risk Management, Insurance, Banking, Professional Services, Flexible, Talent Solutions, operational resilience

June 7, 2021
Read more

Operational Resilience- Main Learnings to Date

Intro On 29 March 2021, the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) published their Policy Statements which include the final rules that in-scope firms will be ...

Topics: Featured, Risk Management, Insurance, Banking, Professional Services, Flexible, Talent Solutions, operational resilience

May 25, 2021
Read more

Free Outsourcing & 3rd Party Risk Management Insight Paper

With the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) having released their Operational Resilience and Outsourcing & Third-Party Risk Management (O&TPRM) Policy ...

Topics: Featured, Risk Management, Insurance, Banking, Professional Services, Flexible, Talent Solutions, operational resilience

May 6, 2021
Read more

Outsourcing & Third-party Risk Management – PRA expectations formalised in new statements

On the same day as the Prudential Regulation Authority published their Operational Resilience Policy and Supervisory Statements, the regulator made it a double-header with identical publications for ...

Topics: Featured, Risk Management, Insurance, Banking, Professional Services, Flexible, Talent Solutions, operational resilience

March 30, 2021
Read more

The PRA and FCA release their Policy Statements for Operational Resilience

In line with their promise to deliver a Policy Statement for Operational Resilience by the end of Q1 2021, the FCA and PRA hit a buzzer-beating submission with their outputs this morning. The Policy ...

Topics: Featured, Risk Management, Insurance, Banking, Professional Services, Flexible, Talent Solutions, operational resilience

March 29, 2021
Read more

Regulatory Compliance Roles | Salary Benchmark Report & Key Challenges

We have just released our 2021 Compliance Roles Salary Benchmark report for the UK. The report also highlights the latest challenges facing leaders managing regulatory compliance, financial crime, ...

Topics: Featured, Client Assets (CASS), Banking, Financial Crime, Flexible, Talent Solutions, Vulnerable Customers

March 10, 2021
Read more