Watch the recording as Kenneth Underhill looks at the definitions of ‘Impact Tolerances’ and explores how firms should approach setting these across a multitude of scenarios aligned to their Important Business Services.
You can download a copy of the slides here.
Operational Resilience: Impact Tolerances
Date: 26th May 2021
Host: Kenneth Underhill
In their joint Policy Statements released 29th March, the PRA and FCA have now more closely aligned their definitions of Impact Tolerances. In this webinar, Kenneth Underhill will look in detail at the respective definitions of ‘Impact Tolerances’ and explore how firms should approach setting these across a multitude of scenarios aligned to their Important Business Services.
In this webinar recording, Kenneth provides viewers with:
- A clear understanding of the PRA and FCA defintions of Impact Tolerance;
- Guidance on setting appropriate metrics for Impact Tolerances across a range of scenarios;
- Information on setting Impact Tolerances for scenarios where multiple IBS disruptions occur concurrently;
- Our thoughts on dealing with Impact Tolerances at Group and Subsidiary company level and the necessary Board oversight.
