However, even before the current pandemic, both the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) had signalled their intentions to seek significant uplifts and visibility across operational resilience frameworks in regulated firms.
Defining operational resilience as "the ability of firms and the financial system to absorb and adapt to shocks, rather than contribute to them", the regulators set out initial expectations in a discussion paper.
This was subsequently complemented by a shared policy summary with the Bank of England (BoE) and coordinated Consultation Papers on impact tolerances for important business services.
Book an Operational Resilience Workshop tailor-made for your firm
Bringing on new talent to fill critical roles to implement improvements in operational resilience
Investing in the right technology and processes to improve operational resilience
Our Risk Consultancy service can help plan and implement your Operational Resilience programme
Our Risk Consultancy can help:
Request a free 30-minute consultation with our Risk Consulting Specialist now
Our Talent Solutions can:
Request a free consultation with our Talent Team now
Our Learning Solutions can:
Deliver risk and compliance in-house training, by subject matter experts, bespoke to your company, business model, products and language
View our Operational Resilience engagement workshop
Our client is a ...Read more >
A US Law firm was looking to expand their London General Counsel office.Read more >
020 3800 1099
Senior Managing Consultant
0203 800 1548
Director | Talent Services
020 3800 1558