Blog

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 several clients with various delivery models in order to meet the regulatory requirements expected of them.

In this blog, I’ll cover a couple of approaches we are taking with firms at different stages of their Operational Resilience journeys.

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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
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New Operational Resilience Insights Deck - Outsourcing & 3rd Party Risk Management

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 ...

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

May 6, 2021
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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
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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
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How has COVID-19 affected new hires and leavers?

Looking back on the last eight months, it would be a gross understatement to say that 2020 has been a tumultuous year for professionals.

Topics: Featured, Risk Management, Professional Services, Data Privacy & Information Security, Talent Solutions

August 27, 2020
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UK FinTechs’ response to Wirecard failure

On Friday 26th of June , the FCA ordered Wirecard’s UK-subsidiary Wirecard Solutions Limited to immediately “halt all regulated activities” in the UK.

Topics: Featured, Professional Services, Financial Crime

July 6, 2020
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Operational Resilience in the face of COVID-19

COVID-19 has now officially been declared a Pandemic by the World Health Organisation and a public health emergency, impacting people’s lives, businesses and the wider economy.

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

March 12, 2020
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Do women need to be "man-shaped" to get ahead in the legal profession?

Many sources, including the law society, cite the fact that since 1990, over 60% of lawyers joining the profession have been women – a promising statistic that unfortunately doesn’t display the full ...

Topics: Insider, Featured, Legal, Professional Services, Talent Solutions

November 25, 2019
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