Latest News: Policy statement, PS21/3 'Building operational resilience published by the FCA 29th March 2021
The SoP clarifies how the PRA’s Operational Resilience policy affects its approach to four key areas of the regulatory framework in particular;
To achieve Operational Resilience, UK regulators have outlined stipulations. TORI can assist you navigating these requirements. Specifically;
Regulators are adopting a pragmatic approach and understand that ‘one-size-fits-all’ will not produce the right outcomes. The approach is one of proportionality (size and complexity of the business plus potential systemic risk) and, by way of impact assessment and scenario planning ‘severe but plausible’. In some instances, it will be acceptable and in fact necessary to work outside of risk appetite.
For more questions and answers, specific to your Operational Resilience challenges check out our Q&A page.
We have supported clients in-and-around Operational Resilience since the early work by the regulators. In fact, we worked with the regulators to shape their thinking. So, we know exactly what it takes to succeed.
Alongside our traditional consulting services, we offer clients three specific Operational Resilience capabilities to inform and validate.