Joel Brandon, Sales Director, EMEA, ProcessUnity
In the UK, rapid technological advancements, changing consumer behaviors, and increasing cybersecurity concerns have led regulators to consider new strategies to address economic stability through outsourcing and third parties. As a result, operational resilience has become a leading focus for the UK Prudential Regulation Authority (PRA). How prepared are you for the Prudential Regulatory Authority’s (PRA) new guidelines on outsourcing and third-party risk management? The PRA’s revised requirements that go into effect later this month set new standards for outsourcing arrangements, including how to assess materiality, rules around concentration risk and new expectations around compliance.
Join ProcessUnity for a session on the proposed changes and tips on how to approach the changing regulatory landscape.
Attendees will learn:
– How outsourcing will change once the guidelines are enacted
– Best practices to develop an appropriate methodology for assessing materiality
– Guidance to help you understand outsourcing risks and the steps needed to minimize them
– Insight on implementing a robust contingency plan to ensure compliance and protect operational resiliency