Raising the bar: Operational resilience and shadow IT

The past decade has seen the banking regulators focus on improving the financial resilience of banks and other institutions. Those efforts have paid off: the risk of any individual organisation threatening the stability of the wider financial system has reduced significantly, as banks especially hold more capital and liquidity than ever before.

Now the UK regulators are turning their attention to building the operational resilience of the UK financial system as a whole, and the individual firms within it.

In this whitepaper, we look at the likely implications of any future operational resilience regulation on the way an institution manages non-IT supported applications and processes (shadow IT) such as spreadsheets or other end-user computing (EUC) applications; and outline the steps you could start taking now, to be ready to comply when regulation comes into effect.