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Global Third Party Risk Management & Operational Resilience Report

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Escode Presents Global Third Party Risk Management & Operational Resilience Report 2024

In collaboration with CeFPro, Escode presents a comprehensive analysis of operational resilience across various industries and geographies. Our research uncovers diverse approaches and highlights that while many firms have yet to meet required standards, confidence remains high.

Our report delves into significant changes, such as stressed exit plans for third and fourth parties, which pose notable challenges. Despite initial slow progress, a swift turnaround is anticipated in 2024 as plans are finalized. Over 50% of respondents, particularly in the UK and North America, express confidence in their implementation progress. However, considerable uncertainty persists, making 2024 a crucial year for final implementation.

Inside the Report

23 pages | PDF Download

Report Overview

  • Survey methodology & demographics
  • Background
  • Analysis
  • Implementation progress
  • Stressed exit plans
  • Mitigating supplier failure
  • Scenario testing
  • Governance
  • Cloud
  • Supplier requirements
  • Material services
  • Conclusion

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Insights into Supplier Stability

  • Operational Resilience Progress: This study offers an international perspective on the industry’s efforts to meet operational resilience requirements.

  • License Agreements and Exit Plans: The survey within the report explores the relationship between organizations, license agreements, and stressed exit plans.

  • Software Escrow Importance: Despite the critical role of escrow solutions, many respondents fail to recognize the value of software escrow.

  • Regulatory Challenges: Varying regulatory requirements for intragroup outsourcing create confusion, posing a threat to the resilience of regulated entities.

 

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Cefpro Escode Report Statistics

Unlock Critical Insights!

Discover how financial stability and compliance readiness intersect in the supply chains of the financial services industry. Our comprehensive report sheds light on:

  • Compliance Progress: Gain insights into firms’ strides toward meeting compliance requirements.

  • Confidence Levels: Understand how organizations approach these challenges before looming deadlines.

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By submitting this form you consent to receive correspondence from NCC Group. We will not sell your personal information. You can unsubscribe at any time. Privacy Policy.

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