“By no later than March 2025, firms should be able to demonstrate that they can remain within impact tolerances for all their important business services (IBS)."
Aldbury International, established in 2017, are Operational Resilience consultants, brought together to pioneer and deliver a third-party solution to an increasingly complex regulatory environment.
"We worked with Robin on our policy and practices for critical incident management. His expert advice has resulted in simple and effective solutions for us for any crisis. It was a very thorough process and I am confident of our ability to respond well as a consequence."
In the world of Operational Resilience, failure isn’t something to avoid - it’s something to learn from. This article explores why regulators such as the FCA and PRA expect firms to test beyond the point of failure, how effective crisis management teams respond under pressure, and why true resilience is built through challenge, not comfort.
Running scenario testing under the UK’s Operational Resilience framework is challenging. Designing severe, plausible and meaningful scenarios is not straightforward and can be a daunting prospect for firms both caught within the framework and the many more outside it who want to be seen to be doing the right thing.Â
