FCA's Priority of Operational Resilience - What Does That Mean For Your Firm?
High on the FCA’s cross-sector priorities for 2019/20 is ‘operational resilience’. The Regulator has recently turned its attention to technological changes and advances, particularly where these might impact on consumers or on regulator supervision, so it’s no surprise that high on the agenda is potential disruption caused by failure – or something more nefarious – of IT systems and other technologies. Acknowledging that apart from the increasing use of new technologies in fi