Operational Resilience
Operational Resilience in Financial Services – Cyber Security Valley UK
Written for Cyber Security Valley, this article is geared to Cyber and communications and technology (ICT) experts who might require context for any requests for help from financial services firms and/or financial market infrastructures (FMIs) seeking to build their Operational Resilient Frameworks (ORFs).
Read MoreWhat should firms be thinking about when designing an operational resilience framework?
The following report – here – responds to the questions raised over the November 2020 webinars delivered to e2w and zyen members and participants. ADM Risk, Regulation & Strategy and Insight Regulatory Consulting LLP would like to thank our webinar hosts and participants for supporting us.
Read MoreUK’s operational resilience framework: the challenge of identifying important business services
Our previous blog, on the proposed UK and Basel Committee operational resilience frameworks (ORFs), offered a few high-level remarks regarding the challenge of identifying an important business service (IBS) under the UK ORF. Given comments received, this short article will take a closer look at this key issue. However, before launching into this discussion, it…
Read MoreResponding to the UK and BCBS operational resilience consultations? Look out for bear traps
On 6 August 2020 the Basel Committee on Banking Supervision (BCBS) issued two consultation documents. The first sets out the Principles for operational resilience and the second introduces Revisions to the principles for the sound management of operational risk. The deadline for responding to these is 6 November 2020. Just over a month after the…
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