Strengthening your organisation’s planning and response to operational disruptions
Operational Resilience is a key regulatory priority and refers to the ability of firms, financial market infrastructures and the financial services sector as a whole to prevent, respond to, recover and learn from operational disruptions.
Operational Resilience is not just a regulatory requirement, but is a better way to run a firm, help improve controls and deliver better outcomes for customers and the market. It is a complex and holistic process which requires time and resources to implement reliably.
By 31 March 2022, firms need to have assessed their ability to remain within impact tolerances. After that date, they need to review important business services at least annually and remedy any operational resilience gaps. By 31 March 2025, they need to be able to operate consistently within impact tolerances.
Our regulatory compliance specialists provide firms project assistance in meeting their operational resilience obligations, ensuring compliance with the respective regulatory deadlines and requirements, and maintaining operational continuity.
We collaborate with clients at all stages of their operational resilience journey. We provide subject matter expertise and project input during the implementation phase in order to assist them with meeting their operational resilience obligations including:
We also carry out project audits and independent assessments of a firm’s operational resilience framework in order to provide assurance to Boards and Senior Managers on the firm’s operational resilience readiness.
Xcina’s regulatory compliance consultants work seamlessly with firms, achieving the following:
Our team includes multidisciplinary expertise across regulation, operational risk as well as technology. Clients benefit from our extensive subject matter expertise and leading practices gained from assisting organisations across financial services sectors with their operational resilience requirements.
Our Operational Resilience consultants are attuned to the latest developments, regularly providing thought leadership and speaking at industry conferences on operational resilience. Our team is able to provide pragmatic value-added operational resilience solutions and recommendations tailored to your specific context, not generic impractical recommendations.
We partner with clients along their operational resilience journey, share with them our deliverables and provide knowledge transfer including providing training so that their team is equipped to use and maintain the Operational Resilience framework independently going forward.
We provide a flexible solution enabling clients to cost-effectively access subject matter expertise and advice upon request.
Colin Bell, COO & Co-Founder at Perenna
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