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Operational resilience in the UK financial sector: practical guidance

Robert Daniel Chanon et al.

British Actuarial Journal2025https://doi.org/10.1017/s1357321725100202article
AJG 1ABDC B
Weight
0.41

Abstract

This paper provides practical guidance to UK-based financial institutions (UKFIs) that are subject to the “operational resilience” guideline requirements of the Bank of England (BoE), Prudential Regulatory Authority and Financial Conduct Authority, issued in 2021, and fully effective for 31 March 2025. It contains practical suggestions and recommendations to assist UKFIs in implementing the guidelines. The scope of the paper covers issues related to (a) overviewing the latest equivalent operational resilience guidance in other countries and internationally (b) identifying key issues related to risk culture, risk appetite, information technology, tolerance setting, risk modelling, scenario planning and customer oriented operational resilience (c) identifying a framework for operational resilience based on a thorough understanding of these parameters and (d) designing and implementing an operational resilience maturity dashboard based on a sample of large UKIFs. The study also contains recommendations for further action, including enhanced controls and operational risk management frameworks. It concludes by identifying imperative policy actions to ensure that the implementation of the guidelines is more effective.

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https://doi.org/https://doi.org/10.1017/s1357321725100202

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@article{robert2025,
  title        = {{Operational resilience in the UK financial sector: practical guidance}},
  author       = {Robert Daniel Chanon et al.},
  journal      = {British Actuarial Journal},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1017/s1357321725100202},
}

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Evidence weight

0.41

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.25 × 0.4 = 0.10
M · momentum0.55 × 0.15 = 0.08
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.