Operational Resilience Considerations in Financial Services

Corporate partner Richard Tall authored an article for Law360 on the constituent elements of operational resilience in the financial services industry and the meaning and importance of each.

Tall shares a recent example from the Financial Conduct Authority and addresses business continuity plans. He concludes, “While it is mandatory for certain businesses, and they must satisfy their regulator that they comply with the rules, other businesses may take the view that the ability to weather a crisis, serve customers and communicate with them effectively — and ultimately return to business as usual financially and reputationally intact — bring longer-term benefit and security.”

The full article is available for Law360 subscribers.