Utilising Third-Party Technology Products & Services to Boost the Operational Resilience of Investment Banks
Despite experiencing unprecedented circumstances in 2020, financial institutions are required to remain compliant with regulatory mandates that were designed for quite different operational conditions.
The COVID-19 pandemic brought about an unprecedented set of challenges that are impacting the entire financial services global workforce both personally and professionally. Already months into the crisis and many financial institutions are still struggling to adapt to what is, in effect, a prolonged financial shock with a human resource issue at its heart.
As COVID-19 puts operational resilience in the regulatory spotlight, GreySpark considers the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) proposals on operational resilience, published just prior to the onset of the COVID-19 pandemic.