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.

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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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New Workshop for Insurance Firms: Outsourcing & Third-party Risk Management

The deadline for compliance to the Prudential Regulation Authority's (PRA)  Outsourcing & Third-Party Risk Management policy is the 31st of March 2022. The PRA’s Outsourcing & Third-Party ...

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

June 30, 2021
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FCA releases final Guidance on Vulnerable Customers

Tuesday 23rd February saw the FCA release their follow-up to the 2020 Guidance Consultation (GC) on Vulnerable Customers – Finalised Guidance (FG21/1) for firms on the fair treatment of vulnerable ...

Topics: Featured, Consumer, SMCR, Case Studies, Vulnerable Customers

February 24, 2021
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SMCR implementation: will your business be ready in time?

With COVID-19 forcing nearly 50,000 solo regulated firms in the UK into reprioritising activities to ensure continuity and operational resilience during the pandemic, the Senior Managers and ...

Topics: Insider, Featured, Legal, Investment Management, Banking, Consumer, Technology Media and Telecoms, Talent Solutions, SMCR

September 28, 2020
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A Strategic Regulatory Management Limited briefing note on SMCR

Ian Stevenson, Managing Consultant at Strategic Regulatory Management Limited gives his perspective on the UK Senior Managers and Certification Regime (SMCR) which comes into play in December.

Topics: Client Assets (CASS), Risk Management, Investment Management, Flexible, Talent Solutions, SMCR

November 18, 2019
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