Blog

Operational Resilience - Are you ready for March 2022?

In March 2021, UK regulators set out their requirements and guidance to strengthen operational resilience in the financial services sector and we are now only 2 months away from the first important deadline.

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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
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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
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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
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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
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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 - The key business benefits and challenges

The pandemic demonstrated the importance of ensuring that resilience is now an integral part of supporting organisations and customers, not just during a crisis, but continuously, through all the ...

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

October 18, 2021
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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). ...

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

September 20, 2021
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Investment platforms receive Operational Resilience 'Dear CEO' letter

On 26 July, the Financial Conduct Authority (FCA) sent a Dear CEO letter to Investment Platforms, setting out reminders of their expectations for Operational Resilience.

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

August 6, 2021
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