Operational Resilience: respond, enhance, thrive

Operational resilience is the next phase in the evolution of financial services regulatory policy. Regulators’ expectations are increasing – but it’s an evolution rather than a revolution; firms – more specifically firms’ senior managers – must “join the dots” across a range of practical risk management and governance activities. To help keep you up to date on the upcoming regulatory expectations, we are pleased to announce the launch of our new #OperationalResilience hub. Read more

#OperationalResilience Asia Webinar: How to Manage and Prevent Disruptive Digital Events

In our 24 February webinar, our cross-practice panel of experts from Hong Kong, Singapore and London will discuss operational resilience. This webinar will be of interest to senior management, legal, compliance, risk management, regulatory, data privacy, information security and corporate communications professionals who are responsible for managing, responding to and preventing significant disruptive incidents. Read more

FCA publishes technology change management review

On 5 February 2021, the Financial Conduct Authority (FCA) published a report titled ‘Implementing Technology Change’, which sets out findings from its review into how financial services firms manage technology change, the impact of change failures, and industry practices to help reduce the impact of incidents resulting from change management. Read more

Brexit and Financial Services: 2021 Update

The UK and EU finalised the Trade and Cooperation Agreement (“TCA”) that governs their future trading and security relationship on 24 December 2020. The TCA offers minimal commitments on financial services and even excludes financial services from some general protections that otherwise apply under the TCA. At the same time, in a non-binding declaration, the UK and EU agreed to enter into a memorandum of understanding by March 2021 on the establishment of a cooperation framework. Read more