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What’s Next After Completing Your Operational Resilience Self-Assessment?

Castellan

The Financial Conduct Authority (FCA) , the Bank of England (BoE) , and the Prudential Regulation Authority (PRA) announced these new requirements a year ago to improve the operational resilience of financial services in the UK. Cause catastrophic consequences and unacceptable harm to your most vulnerable customer(s)?

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How to Build a More Resilient Organization: A Comprehensive Guide

Fusion Risk Management

Being able to a dapt to evolving customer needs and the dynamic threat landscape is crucial for maintaining a competitive advantage and driving business growth. This shared view of resilience across industries has a renewed focus on the needs of customers, economies, and global markets, as well as the sustained interests of enterprises.

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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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Clarity from Chaos: the Global Regulatory Challenge

Fusion Risk Management

If you ask most resilience students or apprenticeship trainees what their ultimate career goal position might be, heading up the global resilience team for financial services market leaders would likely be high up there. However, once you have reached those lofty echelons, you have a massive challenge on your hands.

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Product’s Perspective: True Risk: Why External Vendor Ratings are Only Half the Picture

LogisManager

Companies have continued to fall victim to risk management failures stemming from third-party vulnerabilities. This matrix of vendor references is called your vendor risk taxonomy , and it’s critical in obtaining an accurate understanding of vendor risk.

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The Playbook for Resilient Operations in Financial Services – March 2022 and Beyond

Fusion Risk Management

Rather than being seen as a check-in-the-box exercise, operational resilience is being widely embraced as the paradigm shift and new operating model required to deliver important services and products to customers and markets reliably, despite the disruptions and service degradations seen so frequently today.

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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.”.