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Supply chain risk has been identified by UK Finance members as a high priority area and one that could benefit from an industry standard set of controls. Therefore, this framework has been developed to help firms minimise the risk of onboarding new or existing suppliers by providing a set of operational resilience focused controls that they can use during the supplier assurance process.
The framework can also benefit suppliers by providing a set of controls that are established as the industry standard. The framework is designed to work for all UK Finance members, no matter their size, and is freely available at the link below. If firms wish to have access to the control test scripts that are used alongside the framework please use the contact form here.
Date: 2 March 2022Time: 2:00 PMDuration: 1 Hour
UK Finance is launching a control framework to enhance the financial sector’s collective assurance of the operational resilience of its supply chain, and this launch webinar will provide an overview of why UK Finance has created the framework, discuss the benefits of using it and offer some suggested use cases for firms.
Collaborative supplier assurance presents an opportunity to deliver benefits to firms, suppliers and regulators and this framework is designed to work for all UK Finance members no matter what size, it has been tested on large global suppliers and will undergo a regular review cycle to account for user feedback and changes in the regulatory environment. Following the webinar the framework will be made freely available on the UK Finance website to members, non-members and suppliers
If firms wish to have access to the control test scripts that are used alongside the framework please click the button below