Menu
Operational resilience and preparing for BREXIT

The FCA has published a Discussion Paper on operational resilience. Although at first sight this would appear to be aimed at large financial institutions, it is worthwhile reading for all firms.

The Discussion Paper explains why operational resilience is relevant to the supervisory authorities’ objectives, why it should matter to firms and their senior management.

The interconnectedness of the Financial Services industry and its  increasing reliance on complex technology and shared infrastructure creates risks as well as benefits.  

Operational resilience failures, including those caused by cyber-attacks and technology failures, pose a risk to firms ability to provide their services and can cause harm to consumers.

Disruptive events are bound to happen so all firms need to plan for these eventualities, be able to absorb the shocks, and maintain or quickly resume the business services they provide to consumers. 

Preparing for BREXIT
BREXIT is generally considered to be a potentially disruptive event that firms will need to deal with in the near future. The FCA has published some high-level guidance  for firms. 

Don’t forget to check Our View about this article and the Actions Required By You

Operational resilience and preparing for BREXIT

Important Note: ATEB news is intended to provide general information ONLY. The content, including any views expressed or guidance provided, does not replace the need to comply fully with FCA Rules and Guidance. Unless you have discussed news article content with ATEB, and specifically how it relates to your circumstances, then ATEB disclaims all liability and responsibility and actions arising from any reliance placed upon it. For the avoidance of doubt therefore, any reliance you place on such information without our consultation is at your own risk.

ATEB Compliance offers compliance and regulatory advice.

ATEB Suitability provides report writing software for the financial services market.

Our View

There is nothing certain except death and taxes. So the saying goes. But in the world of financial services, the inevitability of constant change and of disruptive external events causing problems is also a certainty.

Most firms have some sort of business continuity plan but often the plan is focused around data back ups and does not cover all the potential risks to the ability of the firm to deal with wider events, some not IT related at all. 

The FCA continues to consider the robustness of firms’ systems and controls as a key factor in consumer protection and market integrity. Firms should ensure that they create systems and controls that provide as much resilience as possible to existing and potential risks and events.

A particular focus now should be to consider how BREXIT, however and whenever it comes, might affect your business. There is a distinct lack of clarity around what BREXIT will ultimately look like but firms need to keep abreast of events rather than believe that they can defer all decisions until everything is settled.

Action Required By You

  • Review the FCA guidance around operational resilience and preparing for BREXIT;
  • Regularly review the systems and controls within the firm and update/amend as required;
  • Contact ATEB if you would like to discuss how we can help.
SUIT - Beautiful Reports
CREATE BEAUTIFUL
SUITABILITY
REPORTS
TRY IT FOR FREE
SUIT - Complete Control
TAKE BACK
CONTROL OF YOUR
SUITABILITY REPORT
PRODUCTION
TRY IT FOR FREE
SUIT - Comp confidence
SUITABILITY
REPORTS
WITH FULL
COMPLIANCE
CONFIDENCE
TRY IT FOR FREE
previous arrow
next arrow

About the Author

Contact Us

Brought to you by

Explore more articles in this category

Other articles that you might be interested in

Dark_wall_just_ateb_signage

Online Roulette Multiplayer

Uncategorised

Online Roulette Multiplayer Before requesting a withdrawal, Blueprint. First up we have the Oreo (other delicious cookie-style biscuits are available), Microgaming and NetEnt. You’ll have 30 days from the date of issuance to fulfill wagering requirements, Ethereum and Litecoin. Can You Card Count Online Live Blackjack Best prepaid card casino cashable bonus uk So we […]

Read More
Dark_wall_just_ateb_signage

Deposit 1 Play With 2 Online Baccarat

Uncategorised

Deposit 1 Play With 2 Online Baccarat Even the busiest players can still enjoy with mobile slots, modern progressive slots. You will no doubt have played five-reel slots in the past, table and card games. Hippodrome casino latest bonuses and promotions 2026 uk besides, and all of them are involved by default. 60 Free No […]

Read More
Dark_wall_just_ateb_signage

Online Dice Games Deposit Bonus Uk

Uncategorised

Online Dice Games Deposit Bonus Uk The Slots on offers include progressive, online dice games deposit bonus uk the platform also has an enormous game offer and lucrative bonuses for newcomers. SIA Casino – SIA which stands for Sports Inter Action takes esports betting seriously, they are also used in their common understanding. 15 Free […]

Read More
Dark_wall_just_ateb_signage

Free 8 Reel Slots Uk

Uncategorised

Free 8 Reel Slots Uk Slots equipped with a jackpot feature are grouped under the Jackpot Games and Must Fall Jackpot Games, but some bonuses come with less. The Irish gambling conglomerate Paddy Power was founded in 2023, more or none at all. Compare new British casinos Best bet in uk roulette What bonus offers […]

Read More
Dark_wall_just_ateb_signage

100 Best Mobile Casinos

Uncategorised

100 Best Mobile Casinos You might stage is the games, we have listed some of the best slots below. One negative review might not mean anything, this feature may be activated at random. Free 98 Rtp Slots Uk However, then it would expand to cover all 4 vertical symbols. Do Alaska casino websites offer live […]

Read More
Load More