Third-Party Risk Management

The PRA's Outsourcing and Third-Party Risk Management Guidelines: Everything you need to know to prepare for changes ahead

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Learn how PRA-regulated firms should comply with regulatory requirements and expectations relating to outsourcing and third party risk management.

PRA’s Outsourcing and Third-Party Risk Management Guidelines

How prepared are you for the Prudential Regulatory Authority’s new guidelines on outsourcing and third-party risk management? The PRA’s revised requirements set new standards for outsourcing arrangements, including how to assess materiality, rules around concentration risk and new expectations around compliance.

With these guidelines coming into effect in a few short weeks, you need to review the key changes and understand how they apply to your third-party relationships. ProcessUnity’s comprehensive guide, The PRA’s Outsourcing and Third-Party Risk Management Guidelines, has everything you need to know to prepare for what’s to come, including:

  • An in-depth look at how outsourcing will change after the guidelines are enacted on 31 March 2022
  • Best practices to develop an appropriate methodology for assessing materiality
  • Guidance to help you understand outsourcing risks and the steps needed to minimize them
  • Insight on implementing a robust contingency plan to ensure compliance and protect operational resiliency

Download ProcessUnity’s free guide today to get ready to align your outsourcing strategy with the PRA’s new expectations.

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