It has been a key priority for the Bank of England (BoE), Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA), collectively “the supervisory authorities,” to put in place a stronger regulatory framework to promote the operational resilience of firms and FMIs. On March 29, 2021, the supervisory authorities published their final policy and supervisory statements “Operational resilience: impact tolerances for important business services.”
Here is a useful infographic on the operational resilience compliance timeline to protect your firm from the impact of unexpected events and operational disruptions.
To learn more about how Corporater helps strengthen your operational resilience, visit – corporater.com/opres
