article thumbnail

DORA: Moving Beyond the Basics of Compliance and Implementing a Cross-Functional Approach to Resilience

Fusion Risk Management

With the twenty-four-month implementation period already underway, entities impacted by the Digital Operational Resilience Act (DORA) are beginning to implement best practices to drive compliance and operational resilience. Involving every stakeholder from the very beginning is one actionable way to mitigate these issues.

article thumbnail

Overcoming Operational Resilience Implementation Barriers

Castellan

What’s holding them back from moving toward a more comprehensive operational resilience program? This is one of the topics addressed recently in The BCI’s first Operational Resilience Report 2022 , published in partnership with Castellan. It’s not just financial services that struggle. And, are you one of them?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Preparation Continues for the Digital Operational Resilience Act

Fusion Risk Management

Operational resilience has been top of mind for regulators and financial services firms for the past few years. The old way of managing risk and resilience programs is no longer effective or efficient, and regulators have taken note. The DORA centers around five principles that can lead to operational resilience.

article thumbnail

The Evolution of Resilience in 2022

Fusion Risk Management

Over the years, there have been different drivers of organizational change, but now there is a larger sense of urgency around resilience because – if you’ve learned anything over the past two years or so – disruption is business as usual. Resilience is no longer a “nice to have.” From Reactive to Proactive.

article thumbnail

TSPs: Making the Case to Invest in Risk and Resiliency

Fusion Risk Management

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? Investing in Risk and Resiliency is the Right Thing to Do.

article thumbnail

BCM and ERM: What’s the Difference?

Castellan

While there are some congruences between them, there are some unique distinctions that separate the two, and in many regards, they’re actually completely different business functions. As a resilience management professional, why is it important to know where these two terms split?

BCM 98
article thumbnail

The Importance of Building a Culture of Trust and Compliance

Fusion Risk Management

This concept has cascaded to new regulatory obligations such as operational resilience requirements in the UK which have provisions that require an appointment of a responsible individual in charge of the program who has ultimate accountability.