Operational resilience put to the test, as new regulatory framework impends

An unexpected and unprecedented threat to theoperational resilience of the financial services sector swept the globe lastyear. Yet while firms were largely able to contain disruption from the Covid-19crisis, they must now prepare for an onerous new regulatory framework,including an extensive papering exercise, write Adam Jamieson, Samantha Pauland Anthony Williams.

Adam Jamieson is a partner in Bryan Cave Leighton Paisner’s Disputes &Investigations team.Samantha Paul is the principal knowledgedevelopment lawyer for the Investigations, Financial Regulation and WhiteCollar practice group, while Anthony Williams is an associate in thefirm’s Litigation and Corporate Risk department. Contact them onadam.jamieson@bclplaw.com, samantha.paul@bclplaw.com andanthony.williams@bclplaw.com.

Operational resilience has emerged as a keyUK regulatory priority in recent years. The regulators’ focus on this areaproved prescient in 2020, as Covid-19 put firms’ ability to prevent and respondto operational disruptions to the ultimate test.