Castellan

MAY 26, 2022

The Financial Conduct Authority (FCA) , the Bank of England (BoE) , and the Prudential Regulation Authority (PRA) announced these new requirements a year ago to improve the operational resilience of financial services in the UK. Cause catastrophic consequences and unacceptable harm to your most vulnerable customer(s)?

Resilience 52

Resilience Financial Services Business Services Banking 52

Fusion Risk Management

JANUARY 24, 2023

and the EU operate with dedicated teams who work with the organization and local regulators to address the requirements that have been established by the Bank of England (BoE), Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA), and other EU-based authorities.

Resilience 52

Resilience Financial Services All-Hazards Disaster Recovery 52

Fusion Risk Management

MAY 12, 2022

In mapping all the important business services, many resilience managers reported finding themselves overwhelmed by the amount of data that required capture and analysis. This degree of scenario testing helps to highlight further vulnerabilities. Speed of Response. Decision-making assumptions are where we could fail.”.

Failover 52

Failover Resilience Crisis Management Mitigation 52

Castellan

JUNE 9, 2022

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.

Resilience 59

Resilience Marketing Banking Business Services 59

Plan B Consulting

MARCH 27, 2021

The Bank of England and the FCA in pushing operational resilience have a different aim than an organisation implementing and maintaining business continuity. Identifying important business services There are several tasks laid out in the paper which they want regulated organisations to carry out.

Business Continuity 52

Business Continuity Resilience Banking Marketing 52

Plan B Consulting

MARCH 27, 2021

In addition, the Financial Conduct Authority (FCA) Consultation paper of 2019 states: “Building operational resilience: impact tolerances for important business services and feedback to DP 18/04”. Identifying important business services. Building the UK financial sector’s operational resilience”. Scenario planning.

Business Continuity 52

Business Continuity Resilience Banking Marketing 52