PRA Supervisory Statement (SS2/21) – Quick guide to becoming compliant

In response to the growing dependency on third-party technology solutions, the Prudential Regulatory Authority (PRA) published its Supervisory Statement (SS2/21) focusing on reducing third party supplier risk to the financial institutions trading within the UK. This guide outlines how organisations can achieve compliance, by the March 2022 deadline, with the help of software escrow solutions.