In a letter sent to Chief Executive Officers of PRA-regulated international banks active in the UK, the PRA set out key aspects of its regulatory expectations when it comes to operational risk and resilience.
Luke Bird has been thinking around the subject of scenario testing within operational resilience. In this article he looks at the way forward in this area and considers whether current business continuity management practices can offer a starting point.
The BCI has published a new report looking at the subject of cyber resilience. One of the headline findings of the survey-based report is that high levels of senior management commitment to cyber resilience has a clear impact on the success of cyber resilience strategies.
DRI International has published its 7th Annual DRI International Global Risk and Resilience Trends Report. This gives an analysis of current and emerging risks as perceived by professionals directly involved in managing resilience.
During May and June 2021, the Irish Management Institute (IMI), in collaboration with Cork University Business School, University College Cork, carried out a survey to examine the views of Irish organizational leaders relating to their organization’s resilience during the COVID-19 pandemic.
The Bank of England’s Prudential Regulation Authority (PRA) has issued a new consultation paper: Consultation Paper 21/21 ‘Operational Resilience and Operational Continuity in Resolution: CRR firms, Solvency II firms, and Financial Holding Companies (for Operational Resilience)’.
Standards Australia has published a new handbook, SA HB 188, ‘Base-building physical security handbook - Terrorism and extreme violence’, which guides organizations on best practice processes for protecting assets from physical terrorist threats and other acts of extreme violence.
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’.
WHO´s Scientific Advisory Group for the Origins of Novel Pathogens (SAGO) held its first meeting recently. Amongst other things, the group will advise on a framework for researching emerging pathogens that have pandemic potential.
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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.
