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Preparation Continues for the Digital Operational Resilience Act

Fusion Risk Management

Operational resilience has been top of mind for regulators and financial services firms for the past few years. The old way of managing risk and resilience programs is no longer effective or efficient, and regulators have taken note. Risk Management. Supply Chain Management and Third-Party Risk.

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TSPs: Making the Case to Invest in Risk and Resiliency

Fusion Risk Management

Even if it is difficult to use that regulatory hammer to secure funding for budget to purchase technology, this should not stop a progressive organization from using effective risk management disciplines to run their programs and serve their customers. Or, as so well articulated by the great British writer C. Contractual Obligations.

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The Digital Operational Resilience Act is Finalized – Now is the Time to Act

Fusion Risk Management

The regulation is intended to make compliance obligations less confusing and provide greater security for consumers by creating unified standards for third-party risk monitoring, performance, and auditing. . The DORA is landmark legislation that is the first of its kind that focuses on how regulated entities manage their ICT risk.

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A Glimmer of Hope: Resilience at the BCI World Hybrid 2022 Conference

Fusion Risk Management

Given that many in the resilience field won’t be working for regulated financial services firms , the ‘stick’ of compliance isn’t there for them; instead, they have this opportunity to ride the wave of interest and engagement from stakeholders that the new regulations have brought with them. .