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🌍 Regulators across the globe aren’t just asking if you have a plan; they want proof it works. From the PRA in the UK, to the FFIEC in the US, to DORA in the EU, the direction is clear: ✅ Paper-based exit plans and contractual assurances aren’t enough. ✅ Firms must demonstrate real, tested operational resilience if a critical third-party fails. And it doesn’t stop there. Saudi Arabia’s CST Escrow Software Guideline is going even further - becoming the first regulation globally to apply software escrow requirements beyond financial services to elements of the critical national infrastructure. By directing software suppliers themselves to implement escrow, Saudi Arabia's CST is setting the standard at the source of risk and removing the reliance on weaker fallback solutions. Australia’s CPS 230 is also raising expectations around third-party oversight and stressed exit planning, too. In this month’s Escoded, we break down what this means in practice and where firms are still being caught out 👇 #OperationalResilience #TPRM #DORA #ThirdPartyRisk #RegulatoryCompliance

"What are the biggest challenges facing organisations when it comes to regulatory compliance in the finance sector?” Sam Crew-Meaney, our Senior Sales Manager, highlights a key issue: a lack of understanding around software escrow and how it fits into stressed exit planning. #softwareescrow #stressedexit #finance

DORA mandates robust, evidenced stressed exit plans. Many organisations still have gaps between planning and real world testing. Ensure your continuity framework is not only documented but demonstrably effective and audit ready. Download our guide for practical steps to meeting DORA’s ICT resilience expectations.

Only 18% of firms we asked were fully confident in the completeness of their stressed exit plans, yet these are a core element of DORA compliance. And whilst regulators allow ‘continuous improvement’, firms still need to demonstrate clear progress. We’re already seeing firms under pressure of remediation requirements, triggered where audits determine not enough has been done. Our expert guide simplifies the path: third party oversight, resilience testing, and practical solutions such as software escrow.

With the first list of designated Critical ICT Third Party Providers now released, oversight expectations have risen sharply. Yet many firms still lack clear visibility into their cloud and SaaS providers’ resilience and exit plans. Download our guide to assess and strengthen your third party oversight under DORA.

DORA compliance is just the baseline – the goal is to enhance operational resilience, strengthen third party oversight, and protect your firm, your customers and the market, from potential failure. Learn how you can put in the demonstrable plans and strategies to put you on the path to full compliance and beyond, and prepare you for regulatory audits. Download our guide to unlock the operational benefits of DORA.