As 2024 begins it is always worth reflecting on what has been, and what is to come. January is named after the roman god Janus after all, the god of transitions and beginnings. ...
In April 2018, TSB attempted one of the largest and most challenging IT migrations; moving from a Lloyds Banking Group banking platform to a platform operated by SABIS, an IT provider owned by their new parent company Sabadell. The migration resulted in one of the...
We are coming up to 2 full years since the Operational Resilience policies from the UK regulators hit the street. IBS and Impact Tolerances are now established and many firms are focusing their efforts on scenario testing. Read our latest article from our Managing Director,...
Backup and recovery should be a critical part of every organisation’s cyber resilience. The interest and focus on cyber within the C-Suite has shown a much-needed shift from the traditional view that cyber security should be a technical control dealt with by the IT department,...
The highly interconnected nature of the financial services sector renders the challenge posed by third-party and supply chain resilience acute. In this latest article, we consider certain key strategies the sector might adopt to address these concerns and how these might help UK financial institutions...
In our latest bulletin, we reflect on the lessons we've learned whilst developing and implementing Operational Resilience scenario testing programmes for our financial services clients. Amongst other things, we consider good practice methodology, some commonly made mistakes, and what to expect from the next phase...
Last month, our Chairman Paul Taylor FREng participated in a Crisis Management panel for KPMG’s industry collaboration forum i4, which featured Paddy McGuiness, Tracey Pretorius and Nick Shah. The panel was a huge success and one of the forum’s best attended events. A useful prompt...
The second blog post in our Operational Resilience series focuses on scenario testing. Firms are defining anywhere between 30-50 important business services, with some of the more complex multinational firms identifying over 100. The prospect of scenario testing this number of impact tolerances against a...
The PRA, FCA and Bank of England released their Operational Resilience Policy last week, which set the clock ticking on the 12-month compliance window. A key principle in the Policy is that firms should set impact tolerances for important business services which are consumer focused...