Meeting the FCA’s New Operational Resilience Requirements – Webinar Recording

The release of the FCA’s Operational Resilience Policy (PS21/3) outlines new rules coming into force on 31 March 2022. Firms that fall within scope must have identified their important business services, set impact tolerances for the maximum tolerable disruption, and conducted adequate mapping and testing.

Operational Resilience PS21/3 Webinar

To help firms become compliant by 31 March 2022, Complyport, hosted a free webinar, Meeting the FCA’s New Operational Resilience Requirements, on the 10th of February at 10:00am. Delivered by Darren Schindler and Pantelis Angelides, two of the industry’s leading subject matter experts on Operational Resilience for financial services firms, this webinar discussed what Operational Resilience means and provide practical examples of ways to update Operational Resilience policies in line with the regulator’s new expectations.


Watch Operational Resilience Webinar Recording

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    During this webinar, we:

    • Defined the meaning of Operational Resilience and why it matters to your firm,
    • Discussed the FCA’s PS21/3 consultation and requirements,
    • Analysed the new (or updated) relationship of Risk Management with Resilience,
    • Highlighted the practicalities of applying the new regulations including the utilisation of existing frameworks,
    • Considered recommended approaches to meet the deadline—including practical examples,
    • Answered questions from the audience.

    About the speakers

    • Pantelis Angelides – Head of Cybersecurity and Co-Head of Operational Resilience Advisory at Complyport
    • Moderated by Jonathan Greenstein – Associate Director at Complyport

    With combined experience exceeding 30 years, Darren Schindler and Pantelis Angelides are two leading experts in the field of Operational Resilience in the financial services sector. They have led Operational Resilience projects across the breadth of financial services, working with firms both large and small. Our speakers will guide you through the new requirements, helping ensure you understand the requirements and what they mean for firms like yours, as well as the practicalities of what your firm will need to complete before the fast-approaching deadline.

    Operational Resilience – How Complyport can help?

    Operational Resilience Impact Assessment

    Complyport’s Operational Resilience Team can help regulated firms ensure they are prepared for the FCA’s Operational Resilience Policy by undertaking an Operational Resilience Impact Assessment. Following this review, our consultants will provide a report that will function as a roadmap, outlining what needs to be completed and by when to ensure compliance with the new requirements by 31 March 2022.

    As part of our Operational Resilience Impact Assessment we can:

    • Present an assessment of your Operational Resilience framework in line with the Operational Resilience Policy of FCA.
    • Outline gaps within your Operational Resilience framework.
    • Support the definition /redefinition of your approach towards the risk scenarios of operational disruptions and the optimisation of the continuity strategies and tactics to improve your operational resilience posture.
    • Provide summary with respect to the Operational Resilience framework arrangements and mechanisms that need to be in place to comply with the new Operational Resilience Policy requirements.

    Ongoing Operational Resilience Support

    Following the Operational Resilience Impact Assessment, Complyport can help ensure your firm maintains compliance with the regulations after the 31st of March of 2021.

    To discuss the ongoing maintenance and support associate with Operational Resilience, please contact us via the form below to arrange a call with one of our specialist consultants.

    At Complyport, we have deep understanding of Operational Resilience and helping regulated firms achieve it. Our team operates on a global scale across multiple jurisdictions and we offer a tailored service to perfectly match your company’s requirements.

    Interested in learning more about our services?

    For a free Operational Resilience consultation, please email Jan Hagen via jan.hagen@complyport.co.uk now to schedule a call.

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