đź“•Is your firm ready for the UK financial sector operational resilience regulatory requirement?
key fact
FCA and PRA updated regulations must be met by March 2025. This is a prime opportunity to revisit, refresh and reinforce the resilience roadmap across your organisation. Mason Advisory’s Operational Resilience Management framework is designed to support you in tackling this complex – but critical – landscape.
Financial services operate within intricate systems involving numerous interconnected entities, processes, and technologies. Disruptions in one area can quickly propagate across the entire ecosystem, leading to widespread consequences. Being prepared ensures that institutions can effectively manage and mitigate such cascading effects. But identifying the key priorities, how to address them, and in what sequence, can be a real challenge.
At Mason Advisory we will support you with our proven expertise, robust methodology and framework, specialised skills, and extensive experience in the financial services and insurance sectors. Together, these will support you to review, Â design, build, test and maintain your operational resilience capability, leveraging your current strengths and working specifically to build your enterprise-wide resilience capability.
Over the next few months, we will be publishing a series of insights that explore the complexities of operational resilience and how to tackle them head-on.
Insight 1 – The right resilience roadmap starts with the right questions
In the first of this series, Jon De’Ath explores the extent of the operational resilience landscape and explains why a mindset shift from discrete operational resilience efforts to a full enterprise resilience capability is crucial.
Read the full article – The right resilience roadmap starts with the right questions
Insight 2 – Building enterprise-wide operational resilience: the top priorities (plus mistakes to avoid)
The second insight article, by Kaustubh Ambavanekar, takes a practical look at the strategic building blocks that should underpin any resilience strategy, how to prioritise the right initiatives at the right time, and common pitfalls to be aware of.
Read the full article – Building enterprise-wide operational resilience: the top priorities (plus mistakes to avoid)
Insight 3 – Establishing end-to-end resilience is a much about culture as process
Completing this series, Kaustubh Ambavanekar shines a light on the importance of embedding an operational resilience capability not just within the organisation, but across the entire supply chain, from third party supplier to customer. While process, technology and tooling are vital, he explains, the right culture and ways of working are often what will sustain success.
Read the full article – Establishing end-to-end resilience is a much about culture as process
We hope you find this series informative and helpful. If you’d like more information on our Operational Resilience Framework based on Prudential Regulation Authority (PRA) requirements, principles and guidelines for implementing Operational Resilience (SS1/21) and management of Outsourcing and Third-party Risks (SS2/21), email fsi@masonadvisory.com to discuss further.
 If you want to find out more about our services, click here.