Firms must focus on operational resilience and prepare for tomorrow, today.
It is critical to re-frame resilience to respond to client demands, evolving regulatory expectations, market forces, and global crises.
This is more than compliance and appeasing the Board. Firms have the opportunity to improve stability, build consumer confidence, deliver competitive advantage, and drive future success.
As experts in risk and regulation, we are devoted to the success of our clients.
Together we can re-frame resilience.
Our Insights
Our analysis of the FCA & PRA operational resilience policy statement
The PRA and FCA operational resilience policy statements provide clarity. Read our analysis and the implications for FS.
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Resilience makes perfect sense for cybersecurity
Resilience as a cyber-security goal will lead to a sophisticated and robust understanding of vulnerabilities.
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A first look at the FCA's Building Operational Resilience policy statement
The Policy Statement provides some useful clarity on existing points of contention however they also mark the start of a countdown to compliance.
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Baringa Operational Risk Survey and Report 2020-2021 - Resilience put to the test
Baringa’s annual survey of operational risk professionals provides an industry-led insight into FS best-practices and ongoing challenges.
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Operational Risk Survey 2019/20
We invited firms across the financial services industry to provide their views on the state of operational risk management and the challenges ahead.
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The journey towards operational resilience maturity
The UK regulators’ operational resilience rules and guidance has come into force. Now the three year transition period commences.
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Comparing UK operational resilience expectations with the BCBS
The operational resilience principles published by the BCBS are consistent with the UK regulators' proposals.
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Video Series: The impacts of operational resilience
The need to plan for operational disruption in the financial services is vitally important. Firms must assume disruption will occur and have plans in place.
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Operational risk management - overcoming the challenges for long-term success
As firms return to some semblance of normality, there is a shift in focus from firefighting, back towards business as usual operational risk management and an emphasis on enhancement. We explore two key challenges currently faced by operational risk teams: Risk appetite and key control identification.
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Baringa’s Operational Resilience Assessment Framework
Our assessment framework provides a way to ensure that resilience is embedded within organisational capabilities and meets regulatory expectations.
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Industry Roundtable: Operational Resilience (PDF)
Key takeaways on the trends, insights, and challenges facing financial services firms.
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The mother of all mapping projects (PDF)
We look at how financial services providers should approach the complex task of mapping the resources that underpin critical services and operational resilience.
Read moreOur Impact
Helping a large insurer strengthen operational resilience to meet regulatory demands
The FCA and PRA introduced strict rules on operational resilience. One insurer approached us to interpret the rules and implement the changes.
Read moreOur Experts
