In two months new regulations on operational resilience will start to apply for many UK financial services firms. The FCA has used a recent webinar to call on firms to act now to be ready for the 31 March 2022 deadline.
So, what should firms' priorities be for the remaining two months? As we explain in our latest operational resilience podcast, recording how you have complied with the regime is key. The FCA is looking for you to tailor your approach to the requirements of your business, provide justifications for the decisions you have taken when implementing the rules, and collate this and more in a "living and breathing" self-assessment document.
In the podcast we also share pointers from the FCA about their expectations for firms and how they are planning to deploy the regime in practice.