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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.
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. Scenarioplanning. Conclusion.
It has been on the radar for some time now, and impacts oriented planning vs scenarioplanning 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.
It has been on the radar for some time now, and impacts oriented planning vs scenarioplanning 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.
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