Operational Resilience

Regulatory Wrap Episode 30: The FCA’s Operational Resilience Insights

In Regulatory Wrap for the week to May 31, Jennie Clarke discusses the theme of operational resilience, specifically reviewing the focal points the FCA highlighted in its operational resilience insights.

FCA’s Operational Observations: are firms prepared for operational resilience deadline?

The Financial Conduct Authority has published its observations on how firms are preparing for new operational resilience rules coming into force in 2025, which acts as a guide of focus areas for firms.

Five developments to show why operational resilience should be on your radar

Operational resilience is an essential practice to remain protected in a landscape of intensifying cyber threats. Regulators have taken steps to demonstrate their increasing focus on this matter by implementing guidelines, frameworks, and direction to preserve security.

OCC to join regulatory rollout as it eyes operational risk requirements for banks

The OCC has announced that it is focusing on baseline operational resilience requirements for large banks with critical operations.

The Complete Guide: Digital Operational Resilience Act (DORA)

Unlock the complexities of the DORA with our comprehensive guide. Clarify regulatory requirements to navigate the data governance landscape.

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OCC Semiannual Report Puts Banking Risks in Perspective

The Office of the Comptroller of the Currency’s report has highlighted the key areas of risk that banks need to manage to stay resilient and maintain confidence – and counseled against complacency.

£80k fine for Chief Information Officer who mismanaged IT migration

The Prudential Regulation Authority has fined the former Chief Information Officer of TSB £81,620 for his role in the mismanagement of a 2018 IT migration which saw hundreds of customers unable to access funds.

Digital Resilience in the US: SEC amendments follow EU counterparts

The U.S. SEC has published proposed amendments that will expand and update Regulation SCI to focus more on the evolving landscape of digital resilience.

Increased scrutiny for outsourcing: an overview of regulatory directives

As financial services rely more on outsourcing, regulators are acting - fast. We take stock of new and emerging regulatory requirements when outsourcing.

Are your third parties operationally resilient? Key considerations for UK firms

As third-party vendors slowly become the backbone of the operation of financial services, there’s increasing focus on the operational resilience of those third parties. We set out 5 considerations that should be top of mind.

Helpful lessons from TSB’s £48m operational resilience fine

There's hidden gold in all enforcements. We take a look at regulatory lessons in light of a £48m fine for operational resilience failures.