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. It’s also a better way to run a firm, help improve controls and deliver better outcomes for customers and the market. It’s a complex and holistic process which requires time and resources to implement reliably.
Following March 31st 2022, firms need to have assessed their ability to remain within impact tolerances. They need to review important business services at least annually and remedy any operational resilience gaps. By March 31st 2025, they need to be able to operate consistently within impact tolerances.
Our regulatory compliance specialists provide firms with 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, from analysis all the way down to strategy implementation. We can provide subject matter expertise and project input during the implementation phase to assist you with meeting your operational resilience obligations, including:
We can also carry out project audits and independent assessments of your firm’s operational and business resilience frameworks in order to provide assurance to Boards and Senior Managers on your firm’s operational resilience readiness.
Xcina’s regulatory compliance consultants can work seamlessly with you to achieve 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 service 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, and share with them our deliverables and our knowledge. This includes providing training so that your team is equipped to use and maintain the Operational Resilience framework independently going forward.
We provide flexible solutions that enable you to cost-effectively access subject matter expertise and advice upon request.
Colin Bell, COO & Co-Founder at Perenna
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