Fusion Risk Management
SEPTEMBER 27, 2022
Third – party risk management (TPRM) continues to be a focus area for both regulated and non-regulated entities alike in the operational resilience landscape. The reason being that t hird parties often introduce added risk to organizations outside the scope of their direct control. .
Fusion Risk Management
JANUARY 5, 2023
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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Fusion Risk Management
JANUARY 24, 2023
This past year, we also saw increased interest from organizations outside of banking and financial services in learning how to apply operational resilience concepts within their programs. In 2023, we will continue to see more non-financial services companies adopt operational resilience concepts and frameworks.
Fusion Risk Management
DECEMBER 21, 2022
Unlike financial services firms , manufacturers do not have a strict regulatory framework that defines the minimum viable standards of an operational resilience program. The post The Risks that Manufacturing Firms are Facing and the Impact that Follows appeared first on Fusion Risk Management. Build Resilience.
Fusion Risk Management
SEPTEMBER 12, 2022
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. How Can Fusion Help? .
Fusion Risk Management
AUGUST 18, 2022
The criticality or importance of the services that the TSP provides subject to the contractual arrangements . A risk assessment of any potential impact on the continuity and quality of financial services that are consumer facing. Supplying real-time insight into third-party ICT risk . Enforcement of the DORA.
Fusion Risk Management
NOVEMBER 30, 2022
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. .
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