article thumbnail

Operational Resilience Self-Assessment: Achieving the March 2022 Deadline

Castellan

In March 2021, The Bank of England, the Prudential Regulation Authority (PRA), and the Financial Conduct Authority (FCA) published policy documents about operational resilience. Within this timescale, firms “must have performed mapping and testing so that they are able to remain within impact tolerances for each important business service.

article thumbnail

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

LogisManager

It’s no question that they’ve got a lot to share, so we’ll be publishing these insights to our blog to help you make more informed business decisions. This collaborative group of developers, designers, lawyers and risk managers uses those insights, along with rigorous R&D, to inform the way LogicManager works.

Insiders

Sign Up for our Newsletter

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

article thumbnail

PRA’s Operational Resilience Roadmap: Looking Ahead to the March 2025 Compliance Deadline

Castellan

Defining Important Business Services (IBS) and Impact Tolerances were the first major milestones with initial compliance dates of March 31, 2022. The PRA uses an example from payment services and highlights the different ways organizations have defined a business service.

article thumbnail

The Digital Operational Resilience Act is Finalized – Now is the Time to Act

Fusion Risk Management

It also expands the scope of a regulator’s reach to those critical technology and data service providers that compose the digital footprint by which the important business services stand. The DORA definition of a technology and data service provider does not make a distinction between a cloud-based and non-cloud-based provider.

article thumbnail

Bonus Chapter: Andrew and Michael’s Plan for Felder in 2022

Castellan

In March 2021, I published my book on the Business Continuity Operating System (BCOS). About two-thirds of the book chronicles a fictitious life sciences company named Felder Corporation and its journey to implement a business continuity and operational resilience program that achieves the right level of resilience. Background.

article thumbnail

Non-disruptive DR Drills for Oracle Databases Using Pure Storage ActiveDR?—?Part 4 of 4

Pure Storage

Nevertheless, they do happen and usually at the most unexpected of times, so we need to be prepared and have the procedures and processes in place to recover business services quickly. Make sure you have a tested plan that is published and well-understood so that everyone knows what to do should the worst happen.

article thumbnail

Product’s Perspective: Better Together – The Importance of Using Integrated Software for Vendor Management

LogisManager

It’s no question that they’ve got a lot to share, so we’ll be publishing these insights to our blog to help you make more informed business decisions. This collaborative group of developers, designers, lawyers and former risk managers uses those insights, along with rigorous R&D, to inform the way LogicManager works.