accountability,
operational resilience,
monitoring,
risk,
Agentic AI
Time to read: 4 minutes TL:DR - When AI agents fail, they can fail at speed and at scale, multiplying errors before people can intervene. Operational resilience therefore depends on real-time monitoring, intervention thresholds, robust logging, and scenario testing...
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governance,
operational resilience,
client assets,
Consumer Duty,
Compliance Monitoring,
SIPPs
Time to read: 4 minutes TL:DR The FCA’s CP26/20 consultation signals a more prescriptive regime for SIPP operators, with clearer expectations for enhanced due diligence, pension scheme money and asset protection, record keeping, reconciliation and governance. Firms...
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culture,
FCA,
operational resilience,
Consumer Duty,
data,
financial crime
Time to read: 4 minutes TL:DR - The FCA’s 2026–27 priorities illustrate regulatory focus upon outcomes, data‑driven supervision, Consumer Duty, culture & conduct, financial crime, AI governance, operational resilience, and data quality. Firms now face higher...
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governance,
risk management,
operational resilience,
PRA,
data,
Banking
Time to read: 4 minutes TL:DR - The PRA’s 2026 priorities stress the need for stronger risk management, enhanced governance, improved operational and financial resilience, and better data quality across UK deposit‑takers. Firms must refine controls, strengthen...
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innovation,
risk management,
operational resilience,
PRA,
cryptoassets,
AI,
UK,
Bank of England
"Innovation can… [help make] the financial system stronger and more resilient. For example, via the use of third-party services, including cloud-based ones, to replace inefficient legacy in-house systems and processes with more resilient and flexible ones." Bank of...
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operational resilience,
SM&CR,
AI,
third party risk
In a recent blog, the UK’s FCA strikes a frank and open tone: operational resilience is not a box-ticking exercise. This is a message that has been sent before, and we hear it again in this blog issued on 15th April 2025. Operational resilience is business critical....
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FCA,
Regulatory initiative grid,
operational resilience,
appointed representatives
The Financial Services Regulatory Initiatives Forum published its latest update in May. The Regulatory Initiatives Grid (Grid) highlights what is in the pipeline for the FS industry over the next 24 months. Our earlier blogs explained the purpose of the Regulatory...
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third parties,
assessments,
operational resilience,
audit trail,
data sharing,
cyber resilience
The FCA published a cyber resilience questionnaire cross sector report in 2018 and its findings are still relevant today. The cross sector report highlighted that the following points were top of the agenda for many firms: Concerns around cyber resilience Improving...
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governance,
third parties,
operational resilience,
impact tolerances
The FCA hosted a live event providing feedback to the industry regards preparation for the March 2022 deadline. During the session, representatives from both the FCA and PRA presented feedback and responded to industry queries. The regulators were keen to remind...
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accountability,
risk management,
operational resilience
L ike banks, insurers operate on a large scale and globally, but by their very nature, insurers are exposed to more risks than the average bank, wealth manager or other regulated firms. This is because insurers support the economy by transferring the risks that we face...
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third parties,
accountability,
corporate governance,
oversight,
risk management,
operational resilience,
monitoring,
audit trail,
BCBS,
IOSCO
We’re all aware that operational resilience requires an holistic view of a firm’s operations. The Financial Services industry operates globally and requires a coordinated effort to establish a resilient framework. Current work to improve resilience focuses on being...
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governance,
third parties,
accountability,
operational resilience
Build Resilient Payment Services in an Evolving Regulatory Landscape This was the view of the Payment Systems Regulator (PSR) back in 2015 when the PSR was still relatively new. Six years later and it’s fair to say that payments systems are even more critical today....
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