Operational Incidents, Outsourcing and Third Party Reporting: The Next Phase In Regulatory Oversight And Control Of Operational Resilience In Financial Services Firms
The Prudential Regulation Authority (PRA) has published a new Consultation Paper, CP17/24 – Operational Resilience: Operational Incident and Outsourcing and Third-Party Reporting. Benoit Steulet looks at the proposed requirements.
Callum Hadley Joins ICSR As Risk Manager
We’re delighted to announce that Callum Hadley has joined ICSR as a Risk Manager, reporting to Risk & Compliance Director Claire King.
2025 Insurance Supervision Priorities – Balancing Prudence and Growth
In a letter dated 9th January 2025, the PRA has set out its insurance supervision priorities for 2025. We take a look at what this means for insurance firms.
ICSR Horizons Q4 2024: Our Quarterly Report For Senior Leaders
The Q4 2024 edition of Horizons, our quarterly report for senior leaders across compliance, risk and regulatory roles within insurance firms is now available. Download your copy now.
Non-Financial Misconduct: The FCA Survey Results and Next Steps For Firms
The Financial Conduct Authority (FCA) has taken a significant step forward in addressing the rising regulatory focus on non-financial misconduct in insurance firms with the recent publication of its survey results.
Operational Resilience: The 31st March 2025 Deadline And Beyond
In this article we look at what firms need to have in place by the end of March 2025 to be compliant with Operational Resilience regulations in the UK, looking beyond the deadline into the areas UK regulators are expected to shift their focus towards.
Steve Hutchins Joins ICSR As Senior HR Consultant
We’re delighted to announce that Steve Hutchins has joined us full-time as a Senior HR Consultant. Steve has been working with us, as part of our Talent Pool, for some time now and with the increasing demand for HR-related services to support our compliance work, has joined the team full-time.
Operational Resilience: An Assurance Review Of Outsourcing Policies, Third-Party Risk Management And Critical Third Parties
Outsourcing has become a fundamental aspect of operational strategy – as firms strive to meet OpRes requirements. Ensuring their outsourcing policies and third-party relationships are robust and capable of withstanding disruptions is key.
Operational Resilience: Assurance Review Of IBS, Impact Tolerances, Scenario Testing And Vulnerabilities Resolution
Explore how assurance reviews can provide firms with confidence that their OpRes measures around IBS, Impact Tolerances, Scenario Testing and vulnerability management are sound, actionable, and aligned with regulatory expectations.
Operational Resilience: The Project Governance Process – An Assurance Review
Learn more about the role of project governance in Operational Resilience, looking in particular at how assurance processes support the successful delivery of actions and deliverables.
Operational Resilience: Why Assurance Matters And What Is Required
Learn more about the vital role assurance plays in Operational Resilience, including the regulatory backdrop, the risks of non-compliance, and how firms can ensure their assurance processes are robust, transparent, and aligned with long-term business objectives.
Operational Resilience Compliance – Doing The Right Thing Is Not Enough; You Must Prove It!
The clock is ticking for insurance firms ahead of the March 2025 deadline to fully implement and demonstrate Operational Resilience. Claire King and Benoit Steulet explore the importance of being able to evidence compliance with the regulations.
