Fusion Risk Management
APRIL 5, 2023
Where are my vulnerabilities? But, with the invention of a crystal ball not on the horizon, organizations need an alternate way to gain a complete view of their important business services and be better prepared to prevent a potential disruption before it materializes. Where are my strengths? Where should I focus my efforts?
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)?
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Plan B Consulting
MARCH 27, 2021
In these two papers, the Bank of England and the FCA lay out how they want financial institutes to carry out a series of operational resilience activities to make the whole of the UK’s financial market more resilient, and that an incident in one organisation could have a major impact on other companies, leading to financial collapse.
Plan B Consulting
MARCH 27, 2021
I am going to explore the definition and requirements put forward by the Bank of England’s Discussion Paper of 2018: Two key papers. 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”.
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. Generally, global firms with a heavy presence in the U.K.
Castellan
JUNE 9, 2022
Recently, David Bailey – who is the Executive Director, UK Deposit Takers Supervision, and responsible for PRA’s supervision of the UK’s banks, building societies, and credit unions – made a speech surrounding his initial observations and a few challenges organizations are facing. Topic 2: Setting Impact Tolerances is Difficult.
Fusion Risk Management
MARCH 1, 2022
The Bank of England, as part of their operational resilience policy statement , continually outlined the need for institutions to ensure that they can continue to deliver their important business services during severe (or extreme) but plausible scenarios.
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