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Operational Resilience: Updates on the Policy Statement

Operational resilience is at the top of the regulatory agenda in the UK, with the Bank of England, FCA and PRA policy statement published at the end of March, and the Basel Committee for Banking Standards (BCBS) also finalising their principles in the same week. Secure your place at this AFB Virtual Seminar and learn more about the updated principles from the UK regulators and BCBS.

The Seminar will be followed by a Q&A where participants can ask questions from our speakers to discuss specific challenges and lessons learned in greater detail.

The AFB is delighted to partner with EY who have designed this second seminar in this two part-series to help our foreign bank members navigate the final operational resilience rules and guidance.

Why attend?

This seminar will focus on answering the key resilience questions and challenges, and will combine theory with practical foreign bank examples.

The virtual seminar will cover:

  •        Key updates on the FCA, PRA and Bank of England policy statements from March 2021 as well as the BCBS operational resilience principles which will set the global standard.
  •        Key considerations for foreign banks as they implement UK and global principles ahead of the UK’s March 2022 deadline, including clarifying what ‘must’ be done in the first year.
  •        How foreign banks can increase engagement with critical third parties as part of their resilience programmes, including lessons learned from combined outsourcing and resilience programmes.

What will participants be able to implement Back@Bank after this seminar?

  •        A good understanding of the global requirements for Operational Resilience including what’s new or clarified in the UK rules and guidance.
  •        Areas of overlap between the UK and global (BCBS) principles and what this means for global banking groups.
  •        Practical lessons learned from implementing the UK principles in foreign banks and key tips for firms as they plan the coming year’s implementation.
  •        Key areas of focus around third party supplier oversight and engagement on resilience as part of outsourcing regulations and resilience programmes. 

Who should attend?

This seminar is aimed at executives and practitioners who have responsibility for defining their bank’s approach to operational resilience. These will typically be Chief Operating Officers, business risk and control leads, business continuity leads, operations managers, as well as risk audit professionals charged with oversight and challenge of approaches.

Speaker Biographies

The key speakers during the Seminar will be:

  •        Jack Armstrong, Director of Operational Resilience at EY, who joined EY in October 2019 from the Bank of England where he led the Operational Resilience Strategy and Development team and had input to the development of the 2018 DP and 2019 CPs.
  •        Will Ellis, Senior Manager in Operational Resilience at EY, who has worked with a range of international financial services organisations to implement practical operational resilience frameworks. He also recently delivered a major regulatory review (s166) of governance and operational resilience at a global bank.
  •        Shriparna Ghosh, Senior Manager in Third Party Risk and Outsourcing at EY, who works with global financial services firms to enhance their management of third-party suppliers, outsourcing and intra-group arrangements. She is a subject matter lead for UK and European outsourcing regulatory expectations and is currently supporting a global banking group on integrating their outsourcing and operational resilience programmes.

Panel Q&A from 09:40 – 10:10

After the virtual seminar finishes at 09:40, members who wish to do so, can remain online for a Panel Q&A session with our speakers. The session is open until approximately 10:10 but can be extended to 10:30 depending on demand from members.


Please note the AFB has a new website and member portal, you will need to log in to our member portal to complete your event registration.  The log in details you used previously on our old website will no longer work.  Your username is your email address, use the ‘Recover your log in details’ button as this will allow you to set a password.  Alternatively,  If you cannot remember your password, you can reset this here or email  You will receive details on how to join the session a few days before the event.

Format:              Virtual Seminar (Platform used: MS Teams)

Date:                   Tuesday 27 April 2021

Time:                   Virtual Seminar 09:00 – 09:40

Panel Q&A 09:40 – 10:10

Capacity:            Maximum of 150 participants