This report outlines a methodology and approach for collaboratively testing the resilience of critical third parties (CTPs) that support multiple firms. The approach aims to reduce duplicated assurance efforts, improve visibility into third party recovery capabilities, and support regulatory expectations for operational resilience. The document is a sanitised version of a report covering a pilot of collaborative scenario testing with two third party payment providers to assess the viability of the methodology. This has been published at TLP: Clear to encourage sharing and awareness among the financial sector and. A full report at TLP: Amber is available on request to firms who are members of the Operational Resilience Collaboration Group (ORCG).

Click here to access the document.