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KPMG reaction to operation resilience consultation paper

KPMG reaction to operation resilience consultation pape

Commenting on the consultation paper on Operational Resilience, Andrew Husband, Partner and Head of Operational Resilience KPMG UK said


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Commenting on the consultation paper on Operational Resilience, Andrew Husband, Partner and Head of Operational Resilience KPMG UK says:

“The discussion on operational resilience today takes another helpful step forward, this is a great example of how regulations can be built collaboratively between the rule makers and rule takers. No doubt a result of the industry’s engagement on this, today’s papers go into a great deal of sector specific guidance and show clear evidence of global regulatory alignment which will be hugely appreciated by firm

“Technology and innovation are fundamentally changing the financial services industry and the regulators’ sustained focus on operational resilience will no doubt safeguard the journey ahead. Looking at resilience comprehensively will help firms to avoid pitfalls, protect their customers and build a more resilient industry. Further, having a clear end to end understanding of key business activities, and their associated risks, makes it easier to focus investment on those services that matter most to the business and its customers.


“Whilst firms have another four months to feedback to the regulators on this consultation paper, the direction of travel is clear; regulation is coming to ensure enterprise-wide resilience is seen as a board level priority.  For any firms who’ve been awaiting an impetus to act on operation resilience, today’s paper should be just that.”



Christina Bridge

Senior Manager, Press Office

T: +44 (0)7789 504905


KPMG Press office

T:  +44 (0) 20 7694 8773


About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 16,300 partners and staff.  The UK firm recorded a revenue of £2.338 billion in the year ended 30 September 2018. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 154 countries and has 200,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.

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