Remove Business Services Remove Capacity Remove Crisis Management Remove Mitigation
article thumbnail

The Importance of Impact Tolerance in Operational Resilience

Castellan

From there, you can use that information to prioritize what’s most important and then focus on mitigation and remediation. We recommend a five-step framework that looks like: Identify important business services. Before we dive into impact tolerance, it’s important to understand how it’s connected with operational resilience.

article thumbnail

Clarity from Chaos: the Global Regulatory Challenge

Fusion Risk Management

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.