Remove Activation Remove Business Services Remove Continuity Planning Remove Vulnerability
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When You Can’t Rely on a Crystal Ball, Elevate and Invest in Resilience

Fusion Risk Management

Where are my vulnerabilities? But, with the invention of a crystal ball not on the horizon, organizations need an alternate way to gain a complete view of their important business services and be better prepared to prevent a potential disruption before it materializes. Where are my strengths? Where should I focus my efforts?

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Sensing the Tremors of Disruption

Fusion Risk Management

In mapping all the important business services, many resilience managers reported finding themselves overwhelmed by the amount of data that required capture and analysis. This degree of scenario testing helps to highlight further vulnerabilities. Speed of Response. Decision-making assumptions are where we could fail.”.

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Operational Resilience: Is it just business continuity done properly?

Plan B Consulting

In these two papers, the Bank of England and the FCA lay out how they want financial institutes to carry out a series of operational resilience activities to make the whole of the UK’s financial market more resilient, and that an incident in one organisation could have a major impact on other companies, leading to financial collapse.

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Operational Resilience: Is it just business continuity done properly?

Plan B Consulting

In addition, the Financial Conduct Authority (FCA) Consultation paper of 2019 states: “Building operational resilience: impact tolerances for important business services and feedback to DP 18/04”. Identifying important business services. Scenario planning. You should also identify the resources which underpin them.