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 and Supervisory Statements, the Basel Committee quickly overlaid this with their Principles for the sound management of operational risk (PSMOR) and for Operational Resilience.
As the focus by regulators globally shifts further towards ensuring the robustness of firms, FourthLine has published insights decks to provide relevant information for firms looking to either get started or to seek to benchmark their current frameworks against regulatory requirements.
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