Operational resilience

Regulated UK financial sector firms have until 31st March 2025 to comply with operational resilience regulations.

The UK financial regulators have jointly published a policy statement which provides clarity on how they will regulate the resilience of technology and other third parties providing key services to financial firms. 

The BCI has announced the availability of its new Stakeholder Engagement for Resilience Professionals training course. This one-day course is aimed at professionals with responsibility for…

AFM, the Dutch Authority for the Financial Markets, has issued ‘Getting ready for DORA: Testing of the digital operational Resilience’, a guide which focuses on ICT testing regimes.

Microsoft has published an article setting out three specific ways that it is helping its customers to comply with the requirements of DORA.

Alberto G. Alexander explores the nature and dynamics of organizational culture and offers some guidelines for creating and fostering an operational resilience culture.

ASIC has released a letter to market participants outlining technological and operational resilience guidance, clarifying how to identify critical business services, providing information on outsourcing critical business services, and confirming details of major event notification.

During a speech entitled ‘The art of bending without breaking – banking on operational resilience’ Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, has set out the European Central Bank’s current view on operational resilience regulation.

The Bank of England has published its 50th Financial Stability Paper, this time focussing on operational resilience.

Canada’s Office of the Superintendent of Financial Institutions (OSFI) has released a new version of Guideline E-21, Operational Risk Management and Resilience, which sets out OSFI’s expectations for financial institutions to prepare for and recover from severe disruptive events.