Approaching the UK’s operational resilience reforms: How to ensure you do it once and do it right

Julia Dixon and Pansy Wong shared their insights at the OpRisk Global conference on how financial institutions can set themselves up for success when implementing their Operational Resilience Programs. The transcript of the speech is available via the link below.

The speech covered:

• How financial institutions can set themselves up for a successful design and implementation of their Operational Resilience program by investing in governance, accountability and stakeholder engagement;
• Why legal and compliance teams are crucial stakeholders in firms’ programs to support the assessment and management of operational risks from a legal and regulatory perspective; and
• Why firms should look beyond day 1 implementation and prepare now for ongoing review and maintenance of the framework to ensure it stays up to date.