Operational Resilience Working Group

There are numerous references to Operational Resilience in the Financial Conduct Authority’s Business Plan 2019/20 – the regulator regards this as a continuing priority.

PIMFA’s Operational Resilience Working Group was convened this year to look at the FCA’s discussion paper and to help firms when they are constructing an operational resilience framework for their firm.  The group has looked at the definition of critical business services and assigning impact tolerances to each of the services.