Worldwide:
Operational Resilience: What's Next?
23 June 2022
Herbert Smith Freehills
To print this article, all you need is to be registered or login on Mondaq.com.
We have updated our Operational Resilience timeline to include
key recent developments. Operational resilience is the ability to
'prevent, adapt, respond to, recover and learn from operational
disruptions'. Originally launched in the first quarter of 2021,
the timeline uniquely traces the emergence of operational
resilience as a regulatory concept through its subsequent growth in
importance to be a key regulatory concept today. Importantly, the
timeline looks ahead to what is next on the horizon for firms,
their third party providers, and supervisory bodies to 2026.
To view the timeline, please click here.
We continue to update the timeline several times a year. It is a
key component of our Operational Resilience hub which brings
together our insights, including blog posts and podcasts.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from Worldwide
Asset Recovery Comparative Guide
Bird & Bird
Asset Recovery Comparative Guide for the jurisdiction of UK, check out our comparative guides section to compare across multiple countries
Q&A: Safe Harbours For VASPs - Part 1
Ogier
Asian Legal Business was keen to hear from our experts on how this will allow virtual asset services providers (VASPs) to anchor in theses jurisdictions, despite increased regulatory burdens...
Q&A: Safe Harbours For VASPs - Part 2
Ogier
In 2023, Jersey and the British Virgin Islands passed legislation indicating they were welcoming virtual asset service providers, joining the likes of the Cayman Islands...
CRD VI And Its Impact On Lending Into Europe
Cadwalader, Wickersham & Taft LLP
December 2023 saw the publication by the EU of the near-final version of its ‘Banking Package' that makes significant changes to the Capital Requirements Directive known as ‘CRD VI'.
Financial Promotion Exemptions – UK Government U-Turn
Shepherd and Wedderburn LLP
In response to criticism, the UK Government announced in the 2024 Spring Budget that recent changes to the financial promotion exemptions eligibility criteria would be partially reversed from 27 March 2024.