After months of consultation, the Prudential Regulation Authority (PRA) released it’s Supervisory Statement (SS) on Outsourcing and third party risk management on March 2021, with a need to comply with these requirements by 31 March 2022.
The time has now come for firms to define their list of material and non-material outsources, set impact tolerances for each one and start building out their stressed exit plans.
No matter what stage you are at in your journey to PRA compliance, our final checklist will make sure you are ready for the impending changes.
Our experts are here to help you.
