Back-up service facilitation: readiness cannot be assumed
ArticleBack-up servicing has moved from a documentation formality to a live risk management issue.
By: Irina Velkova
27 Aug 2022 44 min listen
The new operational resilience rules have been effective since March 2022, forcing firms to think much more about how they communicate with customers when disruption does occur. Further regulatory developments are expected in the upcoming period to 2025, which will require firms to transition into new requirements.
In this episode, Irina Velkova is joined by Joanne Johnson, Head of Operational Resilience and End-to-End Controls at Wesleyan, and David Young, Associate Director at Grant Thornton UK LLP, for a conversation around how operational resilience is becoming a priority for firms.
Back-up servicing has moved from a documentation formality to a live risk management issue.
UK financial services regulation is entering a critical delivery phase, and the sector can't afford to get it wrong. In this episode, Alex Ellerton, Head of Financial Services, and Chris Laverty, Head of Financial Services Restructuring, are joined Bob Wigley, UK Finance Chair, to unpack three of the biggest questions facing UK banking right now.
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