Fusion Risk Management
APRIL 5, 2023
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. This is exactly what recently happened with TSB Bank and Applied Materials.
Plan B Consulting
MARCH 27, 2021
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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Plan B Consulting
MARCH 27, 2021
I am going to explore the definition and requirements put forward by the Bank of England’s Discussion Paper of 2018: Two key papers. 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”.
Pure Storage
FEBRUARY 21, 2024
To comply, a financial institution must adopt a holistic view of critical processes as well as dependencies with third-party vendors and partners for the delivery of critical business services. Financial firms will be required to demonstrate these capabilities through plans, testing, and reports.
Fusion Risk Management
MAY 12, 2022
Over the past year and more, we saw financial firms implementing operational resilience programs to comply with the Bank of England, PRA, and FCA regulations. In mapping all the important business services, many resilience managers reported finding themselves overwhelmed by the amount of data that required capture and analysis.
Fusion Risk Management
FEBRUARY 7, 2023
Globally speaking, general requirements of all financial services firms include the ability to map their important or critical business services and interrogate all of the processes, assets, and resources that support those services, both in house and in their supply chain.
Fusion Risk Management
SEPTEMBER 12, 2022
Technology and data service providers (TSPs) have become critical contributors in the successful operations of every organization. Think about it: if your technology or data warehouse were to fail, could you continue running your most critical business services?
Expert insights. Personalized for you.
59 
Let's personalize your content