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Operational Resilience Self-Assessment: Achieving the March 2022 Deadline

Castellan

In March 2021, The Bank of England, the Prudential Regulation Authority (PRA), and the Financial Conduct Authority (FCA) published policy documents about operational resilience. This was explained in May by Lyndon Nelson Deputy CEO of the Prudential Regulation Authority.

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The Digital Operational Resilience Act is Finalized – Now is the Time to Act

Fusion Risk Management

It also expands the scope of a regulator’s reach to those critical technology and data service providers that compose the digital footprint by which the important business services stand. The DORA definition of a technology and data service provider does not make a distinction between a cloud-based and non-cloud-based provider.

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PRA’s Operational Resilience Roadmap: Looking Ahead to the March 2025 Compliance Deadline

Castellan

Defining Important Business Services (IBS) and Impact Tolerances were the first major milestones with initial compliance dates of March 31, 2022. The PRA uses an example from payment services and highlights the different ways organizations have defined a business service.

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Overcoming Operational Resilience Implementation Barriers

Castellan

This is one of the topics addressed recently in The BCI’s first Operational Resilience Report 2022 , published in partnership with Castellan. What’s holding them back from moving toward a more comprehensive operational resilience program? And, are you one of them? This is a core element of operational resilience.