Directors and a Partner from PwC discuss building operational resilience, focusing on upcoming regulations in the UK and EU, practical steps for firms to prepare, evolving regulatory approaches, challenges in compliance, and strategies to enhance resilience by 2025.
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Key Operational Resilience Areas
Prioritize testing, reporting, and tooling for operational resilience.
Use sophisticated testing, insightful reporting, and sustainable tooling.
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Focus on Vulnerabilities
Focus on mitigating vulnerabilities to improve resilience.
Address vulnerabilities to make impactful changes.
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Leveraging UK Work for DORA
Leverage existing UK operational resilience work for DORA compliance, but don't assume full equivalence.
Focus on important business services (IBS) and third-party risk management.
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In our latest episode, host Tessa Norman is joined by Duncan Scott and Danny Chamings, Directors at PwC UK, and Moira Cronin, a Partner in PwC Ireland, to explore how firms can build operational resilience against the backdrop of an increasingly complex risk environment.
Our expert guests discuss the evolving regulatory approach to operational resilience in the UK and EU, focusing on firms’ progress towards upcoming deadlines for the EU’s Digital Operational Resilience Act (DORA) and the UK’s operational resilience framework, and the practical steps they can take to prepare. Our guests also share insights on how firms’ approaches to enhancing resilience can mature over time, and what lies ahead on the operational resilience agenda beyond this year and next.
Risk & Regulation Rundown