article thumbnail

Operational Resilience: Is it just business continuity done properly?

Plan B Consulting

In these two papers, the Bank of England and the FCA lay out how they want financial institutes to carry out a series of operational resilience activities to make the whole of the UK’s financial market more resilient, and that an incident in one organisation could have a major impact on other companies, leading to financial collapse.

article thumbnail

Operational Resilience: Is it just business continuity done properly?

Plan B Consulting

I am going to explore the definition and requirements put forward by the Bank of England’s Discussion Paper of 2018: Two key papers. The Bank of England and the FCA in pushing operational resilience have a different aim than an organisation implementing and maintaining business continuity. Scenario planning.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

RIMS Risk Forum India 2021: Building Resilience As COVID, Cyberrisk Top Business Risks

Risk Management Monitor

For example, shifting work patterns have intensified an already escalating cyber risk landscape that calls for a range of responses, from scenario planning to financial quantification.”. “Look beyond pandemic as you develop a risk management strategy that is prepared to respond to any number of emerging risks,” the report said.

article thumbnail

The New Normal

BCP Builder

It has been on the radar for some time now, and impacts oriented planning vs scenario planning should be at the core of Business Continuity Planning. I think that Business Continuity Certification will be made mandatory by Insurance Companies and Banks. A pandemic similar to COVID-19 was not unexpected.

BCP 52
article thumbnail

The New Normal

BCP Builder

It has been on the radar for some time now, and impacts oriented planning vs scenario planning should be at the core of Business Continuity Planning. I think that Business Continuity Certification will be made mandatory by Insurance Companies and Banks. A pandemic similar to COVID-19 was not unexpected.

BCP 52
article thumbnail

Brexit – What Next?

Plan B Consulting

“DONALD TRUMP SHOELACES COME UNDONE” screams the tickertape, and then for the next 24 hours this major story is played out across all of their news programmes, interspersed with multiple banks of talking heads discussing the significance of Trump’s untied shoelaces by trying to say something interesting or original about the story.

article thumbnail

Brexit – What Next?

Plan B Consulting

“DONALD TRUMP SHOELACES COME UNDONE” screams the tickertape, and then for the next 24 hours this major story is played out across all of their news programmes, interspersed with multiple banks of talking heads discussing the significance of Trump’s untied shoelaces by trying to say something interesting or original about the story.