The latest resilience news from around the world

Central Bank of Ireland publishes operational resilience guidance

The Central Bank of Ireland has released a new operational resilience guidance document for regulated organizations. ‘Cross Industry Guidance on Operational Resilience’ is the result of a consultation with ‘a wide number of industry bodies and regulated entities’.

The objective of the Cross Industry Guidance on Operational Resilience is to ‘communicate to industry how to prepare for, respond to, recover and learn from an operational disruption that affects the delivery of critical or important business services’.

Key goals of the guidance are to:

  • Enhance operational resilience and recognise the interconnections and interdependencies within the financial system, that result from the complex and dynamic environment in which firms operate;
  • Communicate to the boards and senior management of Regulated Financial Service Providers (RFSPs), the Central Bank’s expectations with respect to the design and management of operational resilience;
  • Emphasise board and senior management responsibilities when considering operational resilience as part of their risk management and investment decisions; and
  • Require that the boards and senior management take appropriate action to ensure that their operational resilience frameworks are well designed, are operating effectively, and are sufficiently robust.

Read Cross Industry Guidance on Operational Resilience (PDF).



Want news and features emailed to you?

Signup to our free newsletters and never miss a story.

A website you can trust

The entire Continuity Central website is scanned daily by Sucuri to ensure that no malware exists within the site. This means that you can browse with complete confidence.

Business continuity?

Business continuity can be defined as 'the processes, procedures, decisions and activities to ensure that an organization can continue to function through an operational interruption'. Read more about the basics of business continuity here.

Get the latest news and information sent to you by email

Continuity Central provides a number of free newsletters which are distributed by email. To subscribe click here.