Operational Resilience For Financial Institutions

Ensure your critical functions are in line with your  business continuity and operational resilience strategies to ensure new disruptions can be managed in an effective way to minimize business loss.can be managed in an effective way to minimize business loss.

 

Operational resilience is a top priority for financial institutions and this has been heightened by the COVID-19 pandemic which proved that disruptions to the system were more of a when than an if. It has also ‘risen to the top of the regulatory agenda over recent years, due both to an increase in threats and the potential impact on customers and the financial system.’ (PwC) This has led to further enhancements of operational resiliency and business continuity practices for financial institutions which have evolved to become more end-to-end, holistic practices. Heads of Operational Resilience are focussed on thinking about the interdependencies across the institution and ensuring they can understand both the internal and external factors which may impact their resiliency strategies. This is not only a hot topic due to COVID, but also due to concerns around the world regarding supply chain resiliency – which is having a huge impact on many different sectors. This dependence on the supply chain has heightened concerns around business continuity for the financial sector, which is extremely crucial due to the regulatory requirements and inter-industry dependencies that financial institutions face.

 

Key Themes of this premium conference:

 

  1. Achieving Operational Resilience In Today’s ‘When Not If’ Climate
  2. Evaluate regulatory considerations and guidance on operational resilience
  3. Optimize operational resilience strategies to prevent cyber and ransom-ware attacks
  4. Ensure short-staffing doesn’t compromise your institution’s resilience
  5. Centralize your approach to resilience to tackle emerging threats

To attend this conference, a 15% discount is available for all GRC subscribers and readers. To find out more, contact Mr. Ayis Panayi at ayisp@global-fmi.com or visit: https://bit.ly/3MPFU7v. 

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