Operational Resilience – What is the impact on the wealth industry?
Thursday, 19th May 2022 – 15:30
Operational resilience is the ability of firms, financial market infrastructures and the financial sector as a whole to prevent, adapt and respond to, recover and learn from operational disruption. The FCA requires that relevant firms must identify their important business services, set impact tolerances and carry out necessary mapping and testing by 31 March 2022.
The industry is now at the end of the initial phase and should have completed the identification of important business services. We now have until 31 March 2025 to implement process, system and staffing changes to achieve the business resilience in line with the tolerances identified. This activity should not be underestimated, as there may be considerable effort required.
This seminar will outline an approach to deliver these changes by the deadline. It will build on Parkwell’s proven track record and experience of helping firms adapt to new regulatory requirements.
Attendees will gain valuable insights into the latest regulatory landscape and discover how best to approach the changes required. Our session moderator will host a panel discussion with leading industry experts who will share their extensive knowledge and first-hand experience of delivering regulatory compliance-related change within their own firms.