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Following publication of the PRAs Third Party and Outsourcing (SS2/21) Supervisory Statement in March 2021, UK Finance and Capco conducted surveys of UK Finance’s members in July 2021 and March 2022.
The primary objectives of those surveys was to identify the SS2/21 themes which had the highest impact on compliance efforts and overall resilience, understanding the maturity of members at the start of their SS2/21 compliance journey, and provide a view of the progress in compliance maturity and readiness. This paper examines those issues in more detail and provides a summary position of UK Finance members at that time.
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05.12.22
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