9th Annual Operational Resilience in Financial Services Summit 2022 | City & Financial Global | 24 May 2022 | Hallam Conference Centre, Cavendish Venues, 44 Hallam St, London W1W 6JJ, UK

The FCA requires regulated firms to carry out scenario testing between now and 2025 to ensure their systems are robust and able to hold up at all times. In carrying out the scenario testing, firms must “identify an appropriate range of adverse circumstances of varying nature, severity and duration relevant to their business and risk profile and consider the risks to the delivery of each firm’s important business services in those circumstances”. Where the firm relies on a third party for the delivery of its important business services, the FCA would expect it to work with the third party to ensure the validity of the firm’s scenario testing.

Following on from the 31 March implementation date for the new regime, it is anticipated that regulators will focus more closely on how firms manage third-party relationships and, in particular, incident management. Regulators are also very interested in whether an incident involving one client may impact other clients of a third party provider, and to what extent there are interdependencies between third party providers, and whether either of these factors might pose a systemic risk. One approach highlighted in the 2022 Regulatory Grid is to set up a third-party incident register so that regulators can secure enhanced visibility of third-party issues and their impact on institutions and the sector. A discussion paper will be published jointly by all the UK regulators examining how best how best to regulate Critical Third Parties (CTPs) who provide services to regulated firms. This may lead to technology providers, data providers and potentially even application providers being subject to the same level of scrutiny as the financial institutions.

This event will provide financial institutions with an in-depth analysis of best practice in operational resilience and the expectations that regulators have of regulated firms, particularly in relation to third party providers and supply chain issues

With keynote addresses from the FCA and the BoE/PRA, this timely summit will offer delegates the essential tools and knowledge to assess not only their own processes, but also the cyber risk profile of their third-party supply chain and ensure that their critical suppliers have measures in place that protect themselves, the banks and ultimately, their customers.

Key Issues That Will Be Addressed By Our Exceptional Panel Of Speakers And Panellists Include:
• The FCA’s focus on outward looking processes, including third-party relationships and outsourcing
• The BoE view of what operational resilience looks like going forward, including an overview of the supervisory regulatory position
• The future of resilience and cyber resiliency
• New operational resilience requirements and the impact they will have on operational resilience programmes: best practice to ensure compliance
• Oversight and assurance best practices to improve organisational resilience across the supply chain
• How to identify, quantify and communicate all operational risk subsets to minimise impact on your resilience framework
• Technology, digitalisation and AI: overcoming new risks and challenges to deliver strategic advantage and improve results
• Business resilience when confronted by cyber breaches: the importance of collaboration and communication
• The impact of increased resilience and governance of outsourced activity

Who should attend?
CROS, MDs, Senior Managers, VPs, Directors, Heads of the following functions:

Operational Risk & Resilience, Operational Risk, Technology & Cyber Risk, Risk, Operational Organisational & Cyber Resilience, Banking Markets & Products, Innovation, Investment Services, Legal & Compliance, Outsourcing & Third Party Risk, Shared Services Risk, Strategy & Change, Risk Controls, Enterprise Risk, Business Control, Operational Stress Testing, Conduct Surveillance, Risk Policy and Conformance, FinTech Risk, Risk and Regulatory, Risk Analytics, Public Cloud Risk

Form Financial Institutions, Fund, Asset and Wealth Management Firms, Brokerage Houses, Exchanges, Depositories and Repositories.

Furthermore, participation in the forum will also be very relevant for Solutions Providers and Financial Technology Companies, Strategic Consultancies, Law Firms, Accountants and other Advisers.

2022 Speakers

Duncan Mackinnon
Executive Director, Supervisory Risk Specialists, Bank of England

Gavin Brown
Global Head Resilience, Standard Chartered Bank

Bharat Kapoor
Head of Operational Risk and Resilience, LCH (London Stock Exchange Group Business)

Jason Maude
Chief Technology Advocate, Starling Bank

Ian Burgess
Director, Cyber and Third Party Risk, UK Finance

Sarah Christman
DipComp CFIRM, The Institute of Risk Management

Chris Day
Group Head of Operational Resilience, Group Technology & Change, Royal London

Kevin Duffey
Managing Director, Cyber Rescue Alliance

Justin McCarthy
CEO, PRMIA

Kate Needham-Bennett
Principal EMEA Financial Services, Fusion RM

Stephen Owen
Chief Information Security Officer, Esure

Anna Mazzone
Area VP, Risk Business Unit, ServiceNow

Merlin Linehan
Risk Manager, EBRD

Ben Lindgreen
Head of Cyber Resilience, Pay.UK

Paul Cutler
EMEA Managing Consultant, Castellan

2022 Sponsors

• Castellan
• Fusion Risk Management
• ServiceNow

SUPPORTERS:
• ACI UK
• The Association of Professional Compliance Consultants
• GARP
• IOR
• IRM