Senior Technical Specialist, Operational Resilience, Third Party Risk Management, Prudential Policy
Bank of England
Orlando Fernández is a Senior Technical Specialist at the Recovery, Resolution and Resilience team in the Prudential Policy Directorate of the Bank of England (BoE). He has been with the BoE working on a range of policy areas for 12 years. In his current role, Orlando focuses on third-party risk management.
Orlando was one of the authors of the Prudential Regulation Authority’s (PRA) Supervisory Statement on ‘Outsourcing and third-party risk management’ (SS2/21), and the recent Discussion Paper (DP) on ‘Critical Third Parties to the Finance Sector’ issued jointly by the BoE/PRA and Financial Conduct Authority (FCA).
On the international front, Orlando has represented the BoE at the European Banking Authority (EBA) expert group that produced the 2019 Guidelines on Outsourcing. He is also heavily involved in the Financial Stability Board’s ongoing work in this area, including the 2020 DP on “Regulatory and Supervisory Issues Relating to Outsourcing and Third-Party Relationships” and the recently published public consultation a toolkit for financial authorities and financial institutions as well as service providers for their third-party risk management and oversight.