Wind-down planning and operational resilience: "readiness is all"

Many governing bodies would prefer not to think about wind-down planning - indeed, it ranks as the area firms most struggle with. Ian Morton and Jackie Domanska discuss company structure, liquidity and contingency issues firms need to consider as part of their operational resilience requirements.

Ian Morton (www.bovill-newgate.com/ian-morton) is a managing consultant and Jackie Domanska (www.bovill-newgate.com/jackie-domanska) a principal consultant with financial services regulatory consultancy Bovill Newgate. They specialise in prudential aspects of regulation.

United Kingdom firms are facing much greater challenges, both on an international scale and closer to home. From geopolitical uncertainties, the impact of global warming, the divergence of regulatory requirements between the UK and its neighbours, to a change in UK government priorities. These effects, coupled with the emergence of Artificial Intelligence, mean it's important to show you're financially and operationally resilient to withstand these future challenges.