Blogs

Operational Resilience: Why Setting International Standards is Crucial

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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Building Resilient Third Party Chains

governance, third parties, oversight, operational resilience, data sharing, outsourcing, EBA

Strengthening Resilience: How to Build Robust Third Party Risk Management Chains Both the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) require firms to identify and manage their risks. Over the years we’ve seen both regulators focus...

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Operational Resilience – Is Outsourcing on your Radar?

governance, third parties, oversight, risk management, operational resilience, outsourcing

Build a Stronger Operational Resilience Framework With the publication of final policy statements there is a clear message that firms must look externally at third party relationships as part of their Operational Resilience framework. The requirements are designed to...

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An Overview of Operational Resilience

governance, third parties, oversight, operational resilience, audit trail, outsourcing

Operational Resilience has been a hot topic in the UK for a number of years and has gathered momentum recently as the supervisory bodies issued final requirements and firms now prepare for implementation by March 2022. In 2017, Charlotte Gerken, then Director of...

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