Operational Resilience in Financial Services: Joining the dots in the age of COVID-19

Operational Resilience is the ability of firms and the financial sector as a whole, to prevent, adapt, respond to, recover and learn from operational disruptions. If Operational Resilience was not yet previously at the forefront of the discussions at the board of directors and senior management levels, Covid-19 accelerated the pace of the discussion.

The supervisory authorities in the UK are well ahead of other countries in the thinking about Operational Resilience. At the end of 2019, the Bank of England, the PRA and the FCA published their joint Consultation Papers on Operational Resilience, with the revised deadline for response extended until 1st October 2020. 

Regulation has an important role to play but actions also need to come from the industry itself. In this context, our webinar has been designed to assist the boards and senior management of financial institutions to better understand the regulatory expectations in relation to Operational Resilience. Likewise, it gives an opportunity to learn from the panel members, raise concerns and ask questions on how to establish an effective Operational Resilience programme in this unprecedented time of change.