{
  "docId": "019dd923-5e88-73ef-bd58-07b375a7cd5b",
  "docSlug": "335ba522863769dc",
  "documentTitle": "Banking and capital markets trends 2020: Laying the foundations for growth",
  "authorId": "PwC",
  "authorName": "PwC",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.414,
  "pageNumber": 28,
  "pageCount": 88,
  "prevPage": 27,
  "nextPage": 29,
  "slideType": "diagnosis",
  "function": "present_framework",
  "density": "overcrowded",
  "nDataPoints": 20,
  "notes": "The diagram is a circular framework with 20 numbered components organized into two rings around a central core.",
  "elementsJson": [
    "headline_text",
    "paragraph",
    "process_diagram"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd58-07b375a7cd5b/28",
  "deckHref": "/decks/019dd923-5e88-73ef-bd58-07b375a7cd5b",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd58-07b375a7cd5b.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd58-07b375a7cd5b#slide-28",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Regulators expect firms to be operationally resilient, fundamentally shifting the paradigm to a 'WAR' (withstand, absorb and recover) footing.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-3be5-7612-8a2c-24aa724ebc4d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.6,
        "w": 0.4,
        "x": 0.55,
        "y": 0.25
      },
      "kind": "chart",
      "text": "Circular diagram showing 20 components of business service-led resilience",
      "attrs": null,
      "subkind": "donut",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1c9c3488-8e87-4848-9260-36f64310d680",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.2,
        "x": 0.36,
        "y": 0.22
      },
      "kind": "framework",
      "text": "Operational resilience framework",
      "attrs": null,
      "subkind": "instance",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7f0facb3-ede4-4df3-8719-2285ee0ede27",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.3,
        "x": 0.05,
        "y": 0.9
      },
      "kind": "paragraph",
      "text": "The consultation paper should provide firms with more specific guidelines on the regulators' expectations, and will require extensive work by firms to ensure they are meeting these standards. Furthermore, the regulators are clear that their expectations apply to all sectors and all sizes of firms.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "47f4d580-c368-464a-a417-4925f823abd5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.3,
        "x": 0.05,
        "y": 0.22
      },
      "kind": "paragraph",
      "text": "Regulators expect firms to be operationally resilient, fundamentally shifting the paradigm to a 'WAR' (withstand, absorb and recover) footing. This is a material step change from the days of basic business continuity planning with supporting IT disaster recovery.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bfb5bee9-f969-41a3-95c8-3bf213a4c500",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.3,
        "x": 0.05,
        "y": 0.64
      },
      "kind": "paragraph",
      "text": "All eyes will soon turn towards the joint regulatory consultation paper due later in 2019. The discussion paper published in 2018 saw a marked shift in tone as the regulators set out the assumption that failure is inevitable and therefore firms needed to invest resources to understand and improve their response as well as preventive measures. Firms are also expected to look at resilience through the lens of business services they deliver to their customers and to be able to quantify the amount of disruption a business service can withstand whilst still remaining viable.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "df2e76a1-66b2-4bc7-bcdb-e1e93fe64a07",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.3,
        "x": 0.05,
        "y": 0.38
      },
      "kind": "paragraph",
      "text": "Operational resilience features heavily in both the FCA's and PRA's latest business plans, with key focus areas of outsourcing, change management and cyber security. Regulators started by using resilience questionnaires to benchmark firms against their peers and conducting 'SpotCheck' exercises. They are now looking for greater evidence of resilience through a wider programme of supervisory reviews and stress testing exercises.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f2b9e324-1d34-409a-814b-42648ed8847b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.4,
        "x": 0.05,
        "y": 0.06
      },
      "kind": "title",
      "text": "Operational resilience (1/4)",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fec57d26-e51d-4a25-a561-386714075594",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "circular-resilience-model",
      "slug": null,
      "matchId": "efc9e421-a64a-4fe0-851a-d091bffd4735",
      "evidence": "Circular diagram with 20 numbered components surrounding a central core",
      "confidence": 0.8
    }
  ],
  "arcBeats": [
    {
      "to": 66,
      "from": 18,
      "beatId": "88b6734e-092d-4991-8706-5639248f97fb",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Evidence",
      "beatSlug": "evidence",
      "evidence": "The document provides evidence and analysis on various topics, including governance, risk management, and regulatory compliance.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [
    {
      "to": 31,
      "from": 26,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "12092501-2d7d-48e8-9f33-454d34cb634a",
      "evidence": "The document highlights the potential consequences of not addressing risks, such as financial crime and operational resilience.",
      "position": 1,
      "objective": "What are the consequences of not addressing these risks?",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}