Resilience or longevity?

In March 2021, the FCA, PRA and Bank of England released their final rules on operational resilience. While not all firms are in scope of the rules, many will still have SYSC, PRIN and COCON requirements to ensure operational risk is managed and service can be delivered, even in stressed conditions.

Firms that approach these resilience requirements with a broader lens, looking beyond compliance to understand and address root causes, rather than the symptoms of operational failure; will be able to enhance business models, increase longevity, be intrinsically resilient and more competitive.

Our report explores the regulators’ resilience framework and how to build a business for the long term, drawing on our experience supporting firms internationally on business continuity, operational controls, ICAAPs, recovery and resolution and, post-pandemic strategy.