Fourthline Blog | operational resilience

FCA introduces new Consumer Duty to drive a fundamental shift in Financial Service industry

Topics: Featured, Risk Management, Insurance, Professional Services, Flexible, SMCR, Learning, operational resilience, Third Party Risk Management, consultingservice, riskconsulting

December 9, 2021

Insight Deck | Mapping Important Business Services and Vulnerabilities

In our recent Insight Deck, FourthLine discussed phase 1 of implementing a compliant Operational Resilience framework - defining "intolerable harm" and selecting or de-selecting your Important ...

Topics: Featured, Risk Management, Insurance, Professional Services, Flexible, SMCR, Learning, operational resilience, Third Party Risk Management

December 7, 2021

New PRA consultation on operational resilience and continuity in resolution to holding companies

On 25 November 2021, the PRA published Consultation Paper 21/21: Operational Resilience and Operational Continuity in Resolution: CRR firms, Solvency II firms, and Financial Holding Companies (for ...

Topics: Featured, Talent Solutions, operational resilience, consultingservice

December 1, 2021

Operational Resilience - The criticality of setting appropriate Impact Tolerances

Last week, around 500 Tesla owners were unable to connect and unlock their vehicles, causing lost hours for many users. Were people left outside in the cold, others unable to go to work or even worse ...

Topics: Featured, Talent Solutions, operational resilience, consultingservice

November 24, 2021

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

November 23, 2021

New Insight Deck | Defining Important Business Services (IBS)

Most in-scope financial services firms are on their way to implementing the regulatory requirements for Operational Resilience, in readiness for the March 2022 deadline.

Topics: Featured, Risk Management, Insurance, Professional Services, Flexible, SMCR, Learning, operational resilience, Third Party Risk Management

November 10, 2021

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

November 9, 2021

Operational Resilience | What's the impact on 3rd party suppliers?

In March this year, the FCA (Financial Conduct Authority) and Prudential Regulatory Authority (PRA) launched joint policies for Operational Resilience. The PRA released an accompanying supervisory ...

Topics: Featured, Risk Management, Insurance, SMCR, Learning, operational resilience, Third Party Risk Management

October 25, 2021

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Operational Resilience - Are you ready for March 2022?