Answers
What is operational resilience under FCA/PRA?
In short
Operational resilience is the FCA/PRA expectation that firms identify important business services, set impact tolerances, and remain within them through severe-but-plausible scenarios.
Short answer
Operational resilience is the FCA/PRA expectation that firms identify important business services, set impact tolerances, and remain within them through severe-but-plausible scenarios.
What this actually means in practice
Firms must have completed their self-assessment by March 2025 and be operating within impact tolerances. Evidence includes scenario testing, third-party mapping and recovery exercises.
The most common pitfall
Setting impact tolerances that look comfortable on paper and can't be evidenced under real failure.
What to do next
Run a scenario exercise against the most material important business service.
Frequently asked questions
Does Forth Systems help with this?
Yes — Forth Systems works with banks, payment institutions, insurers and infrastructure operators on exactly this kind of work. Engagements start with a fixed-scope assessment so you see the shape before committing.
How experienced is the team?
Engagements are staffed by named, UK-based senior engineers — not a rotating offshore pool. References from the second line of comparable clients are available on request.
Where are you based?
Edinburgh-based, delivering UK-wide with onsite presence in London and across Scotland as required.
How fast can we start?
Most engagements start within 2-4 weeks of a signed SoW, faster where an existing supplier framework is in place.