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The Risks that Manufacturing Firms are Facing and the Impact that Follows

Fusion Risk Management

Unlike financial services firms , manufacturers do not have a strict regulatory framework that defines the minimum viable standards of an operational resilience program. The post The Risks that Manufacturing Firms are Facing and the Impact that Follows appeared first on Fusion Risk Management. Build Resilience.

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Introducing Fusion’s New Argos Risk Integration

Fusion Risk Management

Third – party risk management (TPRM) continues to be a focus area for both regulated and non-regulated entities alike in the operational resilience landscape. The reason being that t hird parties often introduce added risk to organizations outside the scope of their direct control. .

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Preparation Continues for the Digital Operational Resilience Act

Fusion Risk Management

Operational resilience has been top of mind for regulators and financial services firms for the past few years. The old way of managing risk and resilience programs is no longer effective or efficient, and regulators have taken note. Risk Management. Supply Chain Management and Third-Party Risk.

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Operational Resilience in 2023: What Can We Expect?

Fusion Risk Management

This past year, we also saw increased interest from organizations outside of banking and financial services in learning how to apply operational resilience concepts within their programs. In 2023, we will continue to see more non-financial services companies adopt operational resilience concepts and frameworks.

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TSPs: Making the Case to Invest in Risk and Resiliency

Fusion Risk Management

Even if it is difficult to use that regulatory hammer to secure funding for budget to purchase technology, this should not stop a progressive organization from using effective risk management disciplines to run their programs and serve their customers. Or, as so well articulated by the great British writer C. How Can Fusion Help? .

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The Digital Operational Resilience Act is Finalized – Now is the Time to Act

Fusion Risk Management

The criticality or importance of the services that the TSP provides subject to the contractual arrangements . A risk assessment of any potential impact on the continuity and quality of financial services that are consumer facing. Supplying real-time insight into third-party ICT risk . Enforcement of the DORA.

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A Glimmer of Hope: Resilience at the BCI World Hybrid 2022 Conference

Fusion Risk Management

Given that many in the resilience field won’t be working for regulated financial services firms , the ‘stick’ of compliance isn’t there for them; instead, they have this opportunity to ride the wave of interest and engagement from stakeholders that the new regulations have brought with them. .