WebAug 12, 2024 · Lyndon Nelson revealed that the PRA currently has a number of IT failure related enforcement cases being progressed and that the senior managers and certification regime (SMCR) "bites". David Bailey called for the SMCR to be extended to financial market infrastructure firms, as was recently recommended by the Financial Policy Committee. WebFeb 23, 2024 · Lyndon Nelson welcomes a joint report by CityUK and PWC on operational resilience in the UK financial sector. The report has recommendations for both the industry and regulators. In his speech, Lyndon highlights the importance of strong collaboration when it comes to building resilience in the financial sector.
Virtual sanity: PRA sets out steps to counter cyber risk
WebMay 28, 2024 · There are still "too many instances of failures in basic cyber hygiene".That is the view of Lyndon Nelson, Deputy CEO of the PRA. His latest speech on t... WebIn May the PRA’s Lyndon Nelson gave a speech about the development of the Regulator’s response to cyber risk. In his speech he... Lyndon Nelson; FCA; PRA; Related news. UK: Operational resilience: a PRA priority for insurance jdsupra.com. how to start a blackstone griddle
Senior PRA official in the running to take over top spot after
WebMay 7, 2024 · On 5 May, the BoE published a speech given by Lyndon Nelson, PRA Deputy CEO and BoE Executive Director, Regulatory Operations and Supervisory Risk Specialists, on operational resilience and outcomes in practice where he discusses the new operational resilience framework (the final rules were published in March). WebMay 17, 2024 · The BoE has published a speech given by Lyndon Nelson, PRA Deputy CEO and BoE Executive Director, Regulatory Operations and Supervisory Risk Specialists, on operational resilience and outcomes in practice. In the speech, Mr Nelson considers the publication in March 2024 of the UK regulators' final rules on the new operational … WebThe PRA has eight Fundamental Rules that are similar to the FCA’s Principles for Businesses. In particular: Fundamental Rule 2: a firm must conduct its business with due skill, care and diligence. Fundamental Rule 5: a firm must have effective risk strategies and risk management systems. reach out parent coaching