Following on from the development of the original guidance produced in 2021, this document provides an update to firms on the guidance to implementing operational resilience.

This good practice guidance outlines the essential steps and recommendations for creating, maintaining, and securing immutable cloud-hosted data vaults to ensure the availability, integrity, and security of critical data. It takes the key outputs of the CMORG Cloud-Hosted Data Vault Reference Architecture1 and outlines actionable practices for establishing an effective cloud-hosted data vaulting process that meets regulatory requirements and mitigates risks related to data loss, corruption, and unauthorized access.

The DSL is designed to be a shared resource which contains a catalogue of categorised and individually
described scenarios, constructed using a common design methodology.

The purpose of this document is to establish a standardised template and associated guidance for exit strategies concerning material and high-impact suppliers as part of an organisation’s (further referred to as ‘Firm’) Third Party Risk Management (TPRM) framework and associated Business Continuity and Disaster Recovery measures.

This document outlines a ‘principles-based’ approach to implementing effective business continuity responses across UK retail firms and which can be referred to during operational disruption, affecting Mortgage advances and property completions.

We are re-launching the public-facing Sector Response Framework (SRF) Summary that provides a clear and concise overview of how the sector responds to a systemic incident. This is intended for everyone in the sector, from firms to their service providers, and is relevant for all levels of the organisation, from C-suite executives to Operational Resilience, Incident Management and Business Continuity Leads.

The Firm Mapping Template is designed as an enabler for firms to integrate the Sector Response Framework (SRF) within their own crisis plans and processes. Firms may use this template to map their membership to the relevant groups within the SRF by recording the names and contact numbers of those individual(s) who are members of those groups. To note, not all firms need to be a member of every group and groups will have their own membership criteria. Firms should identify those groups most relevant to their business needs.

This is the CMORG Artefact Library as of November 2024.

The concept of a Voluntary Sterling Settlement Postponement (VSSP) first arose during the 1987 Storm when many London staff were unable to travel to work and the high street banks agreed with the Bank of England (‘the Bank’) that it was not possible to run an orderly settlement day and closed.

It was then documented as part of the sector’s contingency toolkit for SIMEX16 ahead of UK Finance accelerating further planning for Covid-19 including delivering supporting some operational artefacts. The legal analysis output formed the Phase 1 Closure Report to support industry awareness. A VSSP Phase 2 Working Group was established under governance of the Cross Market Operational Resilience Group, which has developed this playbook.