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There is something perversely appropriate about conducting an overhaul of operational-resilience regulation in the middle of a pandemic. It may seem somewhat akin to updating safety protocols on a cruise liner in the midst of a Force 10, but nothing could have focused minds on the value of resilience more than grappling with the live challenges of disruption.
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The Financial Conduct Authority (FCA) has issued Policy Statement 21/3 (PS21/3) on March 29th confirming the rules first proposed in Consultation Paper 19/32 (CP19/32) to assist firms focusing and...