Further to the UK Operational Resilience Consultation Papers released by PRA and FCA in Dec 2019, the US Regulators (FRB, OCC and FDIC) issued a joint paper ‘Sound Practices to Strengthen Operational Resilience’ in Oct 2020 to provide US firms with guidance to strengthen their practices in the face of operational risks and disruptive events. While both papers highlight the importance of Operational Resilience and travel in the same general direction there are some key differences.