Rethinking Operational Resilience for Financial Services

Clifford Chance is one of the world’s pre-eminent law firms, with significant depth and range of resources across five continents.

As a single, fully integrated, global partnership, we pride ourselves on our approachable, collegial and team-based way of working.

We always strive to exceed the expectations of our clients, which include corporates from all the commercial and industrial sectors, governments, regulators, trade bodies and not-for-profit organisations. We provide them with the highest-quality advice and legal insight, which combines the Firm’s global standards with in-depth local expertise.

Last, but not least, we aim to be easy to work with, down to earth and approachable.

A key priority for the Bank of England, Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) is to put in place a stronger regulatory framework to promote operational resilience of firms and financial market infrastructures (FMIs).

While these proposals are tailored to the individual policy frameworks and supervisory approach of each respective authority, they share a common overarching approach to operational resilience. At KPMG we strongly encourage firms to take ownership of their own operational resilience and to prioritise based on the impacts to the public interest, as represented by the authorities’ objectives.

At KPMG we believe that strong operational resilience will provide strategic performance benefits to your firm, above and beyond regulatory compliance. KPMG can help your business understand and manage itself end-to-end, as a series of services, within the wider ecosystem, which will meet the regulators’ vision and which will identify opportunities for profit growth. We change the culture of your business to one where resilience is a strategic strength, essential to your organisation’s competitive advantage. The organisations we are have worked with to enhance their operational resilience include some of the UK’s largest universal and challenger banks, financial management infrastructure organisations, insurers and wealth managers. Our Operational Resilience practice is recognised as market leading.

For over 10 years, ServiceNow has been helping institutions improve experiences and increase the resilience of their technology. Our cloud-based platform and solutions deliver digital workflows that create great experiences and unlock productivity for more than 6,200 enterprise customers worldwide, including approximately 80% of the Fortune 500. With 19 of the top 25 global banks as customers, we have deep expertise in enabling the digital enterprise. In recent years, our capabilities have extended beyond IT to create a powerful Platform for transformation, and our latest Financial Services Product drives even closer alignment between our customer needs and the outcomes that we deliver. To learn more about ServiceNow in financial services visit www.servicenow.com

Orpheus is the only UK-government accredited cyber threat intelligence company providing threat intelligence and cyber risk rating services. We hold the highest levels of accreditation including being one of only seven companies selected by the Financial Conduct Authority (FCA) and six by the Bank of England for what we do.

Our powerful and award-winning technologies collect huge volumes of cyber risk data, which we analyse deploying Machine Learning and predictive analysis and our highly skilled team to enable you to stop cyber risks before they happen.

We deliver SaaS subscriptions for cyber threat intelligence and cyber risk rating and are trusted by major global organisations to help protect their vital assets worldwide.

Outside our subscription services, Orpheus is one of a small group of companies accredited to conduct critical national infrastructure testing in the UK and around the world.

Our mission is to turn data into actionable insights so that our clients can clearly visualise the threat and understand the intent and capability that their adversaries have to target them given factors such as:

• Who they are
• What they do
• Where they operate
• The technology they rely on

Cyber Rescue is the leading European specialist in helping Boardroom Executives to measure, monitor and mitigate potential harm from cyber-attacks. Working for Chief Risk Officers, CISOs, COOs & Heads of Operational Resilience, the Cyber Rescue team supports firms like Mizuho, Nomura, Penguin, Sainsbury’s, Tesco Bank, Virgin Money, Vodafone, Swedbank, Whitbread, plus Regulators in several countries. 

Cyber Rescue delivers executive dashboards that make cyber risks visible to non-specialists.  Chief Risk Officers are given objective, timely & comprehensive assessments of how well their cyber resilience compares with their peers, today.  As cyber risk is so dynamic, executives need dashboards to visualise:

• how well Digital Assets are protected, including assets held by its suppliers.
• how well Directors are prepared to lead business recovery during a breach. 

Services include:

• Executive Simulation Exercises
• Operational Resilience Assessments
• Business Continuity Plans
• Cyber Crisis Coaching
• Cyber Essentials Consulting
• Penetration Testing (CREST Certified)
• Phishing and Online Training
• Executive Dashboards 

Cyber Rescue’s advisors have helped business executives in four continents to manage cyber risks at the boardroom level, by providing actionable insights on governance and compliance.  The experience of these advisors includes:

• Chief Risk Officer, Tesco Bank
• Head of Business Continuity, Barclays
• UK Board Director, Logica (now CGI)
• Head of Cyber Security, The Economist
• Head of Technology Risk, Virgin Money
• Chair of Cyber & Convergence, Security Institute 

For a complementary dashboard of your cyber risks across your key suppliers, please email Assistance@CyberRescue.co.uk