Prudential Regulation Authority sets out next steps in UK operational resilience roadmap

Published: Wednesday, 04 May 2022 08:25

In a recent speech, the PRA’s David Bailey set out the regulator’s view of the progress that firms have made in terms of operational resilience and looked ahead to the 2025 full compliance deadline.

David Bailey, Executive Director for UK Deposit Takers Supervision, is responsible for the Prudential Regulation Authority’s (PRA) supervision of the UK’s banks, building societies and credit unions. In ‘Operational Resilience: Next steps on the PRA’s Supervisory roadmap’ a speech given recently to a UK Finance Webinar, Mr. Bailey set out the PRAs expectation for how its regulation of operational resilience will develop.

Key points in the speech include:

Read the full speech.