UK Finance: Launches supplier assurance framework
- UK Finance is the collective voice for the banking and finance industry. Representing around 300 firms across the industry
- The Supplier Assurance Framework is the product of an initiative from the Cross Market Operational Resilience Group (CMORG)
- Leads financial sector-wide collective action on operational resilience and is co-chaired by senior executives of the PRA
- CMORG considered the problem of collective supplier assurance with assistance from KY3P
- The framework will be launched on 2 March and will be made freely available to firms and suppliers
- It follows a successful proof of concept with five of the largest UK banks and five global suppliers to the financial services industry
