• An overview of the Bank of England's Prudential Regulatory Authority SS2/21 outsourcing & third-party risk management requirements.
• Guidance for documenting and testing business continuity and stressed exit plans for critical or important business services.
  
• The progress made over the last 12 months by financial institutions to become compliant.

Date and time

Location

Thursday 30 March

15:00 BST

Online

In his role as Regulatory Compliance Solutions Lead, Wayne manages NCC Group's relationships with the global financial services regulators. This involves co-writing NCC Group's consultation paper responses relating to third-party risk management, supply chain risk and operational resilience, as well as ensuring its products meet global regulatory requirements. 

Much of Wayne's time is spent advising systemic financial institutions and their suppliers on how to build "demonstrably successful stressed exit plans" as instructed by the PRA.  

Fintech Scotland is a strategic cluster management organisation, driving fintech innovation and a range of initiatives for economic growth, as well as an inclusive and internationally connected fintech ecosystem. 

Prior to joining Fintech Scotland, Nicola held a variety of senior roles in large corporates and in the financial services industry regulator, the FCA. With over 15 years of experience in financial services and regulation, she has a deep understanding of the challenges and opportunities facing the sector and is passionate about driving positive change through collaboration.

"Firms should actively consider measures that can help ensure the ongoing provision of important business services following a disruption and/or a stressed exit (eg escrow arrangements), allowing for continued use of a service or technology for a transitional period following termination".

– PRA SS2/21 Outsourcing and third party risk management

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