Operational incident and third-party reporting – preparing for the regulatory deadline
ArticleThe FCA's Operational Incident and Third-Party Reporting regime brings third-party failures into scope of formal reporting for the first time.
I am a goal-driven and detail-oriented professional with extensive consulting experience in numerous regulatory and business transformation programmes.
I am an associate director specialising in operational resilience and business continuity. I'm also a certified project manager, and have created and led cohesive teams across multiple projects to implement operational resilience regulatory requirements.
A large part of my work involves setting up customised resilience – third-party assurance, scenario testing, business continuity plan (BCP) – programmes for large multinational firms to align with their wider risk requirements and meet their overall organisational goals. I'm highly adaptable in various client environments with proven senior stakeholder engagement experience.
As part of the Lloyds Working Group and Forums, I also analyse challenges faced by managing agents with respect to resilience. This involves providing guidance on interpreting regulatory statements and developing methodologies to carry out each phase.
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The FCA's Operational Incident and Third-Party Reporting regime brings third-party failures into scope of formal reporting for the first time.
Operational resilience is now business as usual for the financial services sector. But how to embrace resilience by design as the business continues to evolve?
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