Operational resilience

Microsoft has published an article setting out three specific ways that it is helping its customers to comply with the requirements of DORA.

Alberto G. Alexander explores the nature and dynamics of organizational culture and offers some guidelines for creating and fostering an operational resilience culture.

ASIC has released a letter to market participants outlining technological and operational resilience guidance, clarifying how to identify critical business services, providing information on outsourcing critical business services, and confirming details of major event notification.

During a speech entitled ‘The art of bending without breaking – banking on operational resilience’ Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, has set out the European Central Bank’s current view on operational resilience regulation.

The Bank of England has published its 50th Financial Stability Paper, this time focussing on operational resilience.

Canada’s Office of the Superintendent of Financial Institutions (OSFI) has released a new version of Guideline E-21, Operational Risk Management and Resilience, which sets out OSFI’s expectations for financial institutions to prepare for and recover from severe disruptive events.

Fusion Risk Management has announced the launch of its new Scenario Simulation and Intelligence suite.

The European Central Bank (ECB) has concluded its cyber resilience stress test, which gauged how regulated banks would respond to and recover from a severe but plausible cybersecurity incident.

The Basel Committee on Banking Supervision (BCBS) has issued a consultative document proposing Principles for the sound management of third-party risk in the banking sector.

Motorola Solutions has announced that it has acquired Noggin, a global provider of cloud-based business continuity planning, operational resilience and critical event management (CEM) software.