Season 5, Episode 2: Operational resilience through a cyber lens
In the second episode of season 5 of the Compliance Clarified podcast, Susannah Hammond is joined by Rachel Wolcott and Mike Cowan looking again at operational risk with, in particular, a focus on the impact of cyber on operational risk and resilience. Links to content referenced in the discussion: Operational resilience: next steps on the PRA’s supervisory roadmap − speech by David Bailey, UK Prudential Regulation Authority https://www.bankofengland.co.uk/speech/2022/april/david-bailey-speaker-at-uk-finance-event-operational-resilience-beyond-2022 SS2/21 Outsourcing and third party risk management: https://www.bankofengland.co.uk/prudential-regulation/publication/2021/march/outsourcing-and-third-party-risk-management-ss SEC Charges Five Russians in $80 Million Hacking and Trading Scheme https://www.sec.gov/news/press-release/2021-265 SEC Announces Three Actions Charging Deficient Cybersecurity Procedures https://www.sec.gov/news/press-release/2021-169 EU NIS 2 Directive https://ec.europa.eu/commission/presscorner/detail/en/ip_22_2985 The European Banking Authority's (EBA) Report on Convergence of Supervisory Practices in 2021 https://www.eba.europa.eu/sites/default/documents/files/document_library/Publications/Reports/2022/1032485/Report%20on%20convergence%20of%20supervisory%20practices%20in%202021.pdf Further information on Thomson Reuters Regulatory Intelligence can be found at: https://legal.thomsonreuters.com/en/products/regulatory-intelligence?elqTrackId=73370082102a4669b4d34524158b501c&elqaid=3945&elqat=2