On 31 March 2021 the FCA and PRA published final requirements on operational resilience. The expectations are far-reaching and mandate extensive preparation by firms to ensure operational continuity following disruptions.
Our webinar on 29 April 2021 was led by Sarah Ouarbya (Partner) and Amit Rao (Senior Manager) of our Financial Services Consulting team, who provided an overview of the finalised operational resilience requirements on firms, covering:
- Identification of important business services
- Setting impact tolerances
- Undertaking mapping and scenario testing exercises
- Outsourcing and third party risk management
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