In recent years, operational resilience has come under the spotlight of financial regulators globally, leading to a proliferation of new regulation. The sheer number of publications on this topic can be confusing for businesses navigating the regulatory landscape.
This series is split in three parts:
- Part 1 includes an overview of the most recent operational resilience regulatory developments in the UK.
- Part 2 addresses the regulatory framework on operational resilience in the EU, and includes a table summarising the key UK and EU rules and guidelines relating to operational resilience. We also explain the impact of Brexit on the regulations that apply to UK firms and how we expect evolving EU regulations to affect UK firms.
- Part 3 outlines global regulatory developments in relation to operational resilience which are likely to be relevant to firms in the UK.
Introduction
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.
Many firms have been confronted with unprecedented levels of business disruption due to the COVID-19 pandemic, bringing the issue of…
