What has the recession taught us about operational risk and resilience?

Get free weekly news by e-mailA new white paper, authored by SunGard Availability Services.

In summer 2009, The Institute of Chartered Accountants in England and Wales (ICAEW) IT Faculty hosted an event in conjunction with SunGard Availability Services, exploring the theme of ‘Risk and Resilience in a Recession’.

The discussion provided insights into businesses’ attitudes towards risk management and resilience planning, and the role that the economic downturn has played in highlighting the range and severity of threats that CEOs, CFOs, CIOs and other business leaders need to prepare for and protect against.

In conjunction with the event, a poll of a group of ICAEW members examined how perceptions of operational risk have changed in light of the recession. Key findings included:

- 65 percent of those polled believe that levels of operational risk have increased recently;
- A third of survey respondents say that risk and resilience issues are now discussed at Board level.

This white paper provides a summary of the discussions at the above event and describes the main poll findings in detail.

Read the white paper (PDF).

•Date: 3rd Feb 2010 • Region: UK/World •Type: Article •Topic: Operational risk
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