Chetwood Financial / BANKING / PRA SS1/21

Board-ready operational resilience evidence delivered in advance of PRA supervision

8 weeks from instruction.

The challenge

'Chetwood Financial faced a PRA supervision date 8 weeks from the point of engagement.

The firm had a business continuity framework in place. What it lacked was the board-ready evidence pack the documented, tested, and auditable record that PRA supervisors specifically request. Internal resource was not available to build this in the available timeframe. 

What FourthLine delivered

  • Transitioning from non-compliance to compliance

  • Moving from siloed to integrated risk management

  • Operationalising ineffective risk management and operational resilience

  • Assuring and benchmarking risk and resilience against industry best practice

We build trust and instil respect and integrity in each other across the different teams, our customers and our shareholders. We all play a part in creating great experiences that make FourthLine an enjoyable, fun and rewarding place to work.

The firm entered its PRA supervisory meeting with a complete, evidenced operational resilience programme. The board evidence pack provided the regulator with the documentary record it requested on day one of the review. No remediation notice was issued.
Chris Sanford
Product Designer, Chetwood Financial

Start with a Diagnostic Assessment

A structured 4–6 week assessment of your [Insurance / Banking / Investment Management] firm's operational resilience position against PRA and FCA requirements. Fixed fee: £15k–£25k. Board-ready gap report delivered within 6 weeks