Fusion Risk Management
APRIL 5, 2023
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?
MHA Consulting
DECEMBER 15, 2022
One of these years, I hope to be able to write about the acceptance of the need for responsible continuity planning by even the biggest companies. For many BC offices, dealing with these losses—and the vulnerabilities they create—will be a key agenda item for 2023. Not every business service is equally important.
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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
MAY 12, 2022
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.”.
Plan B Consulting
MARCH 27, 2021
The Bank of England and the FCA in pushing operational resilience have a different aim than an organisation implementing and maintaining business continuity. Identifying important business services There are several tasks laid out in the paper which they want regulated organisations to carry out.
Plan B Consulting
MARCH 27, 2021
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.
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