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When You Can’t Rely on a Crystal Ball, Elevate and Invest in Resilience

Fusion Risk Management

In today’s world, organizations face unprecedented challenges that require a new approach to resilience. Where are my vulnerabilities? Organizations that embrace, invest in, and elevate resilience as a strategic priority are able to more proactively sense issues, analyze vulnerabilities, and adapt to the evolving environment.

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

Castellan

By now, if you’re a financial institution in the UK, you should be well aware of the new requirements for operational resilience that went into effect earlier this year. The requirements include reviewing operational resilience capabilities, including mapping and testing for impact tolerances for important business services.

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Operational Resilience in 2023: What Can We Expect?

Fusion Risk Management

I visited many organizations throughout 2022 and observed varying maturity levels in programs on their journey to addressing regulatory and policy requirements related to Operational Resilience. In 2023, we will continue to see more non-financial services companies adopt operational resilience concepts and frameworks.

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

Fusion Risk Management

Industry websites are brimming with dos and don’ts and successes and failures pertaining to building more resilient operations, creating resilient cultures, and architecting the systems that support them. But where are firms in their journey to implementing more resilient operations?

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Business, Interrupted: The Resilience Movement and the New Normal for Business Continuity

Castellan

Resilience. And, as a business continuity professional, have they changed in scope and complexity in the past year? Has the coronavirus pandemic altered the way you approach these for business? The Resilience Movement. The resilience movement unfolding now is about more than just planning for disruptions.

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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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Sensing the Tremors of Disruption

Fusion Risk Management

So, how might the new operational resilience methodologies and requirements help us to mitigate future harm? Over the past year and more, we saw financial firms implementing operational resilience programs to comply with the Bank of England, PRA, and FCA regulations. Pinpointing the Moment of Impact. Speed of Response.