Digital Operational Resilience Act (DORA) – A Brief Overview

Digital Operational Resilience Act (DORA) – A Brief Overview

The use of information and technology is essential in the modern era as it supports complex systems used for daily activities. It plays a critical role in keeping our economies running, especially in key sectors such as finance, and improves the functioning of the internal market. However, as digitalization and connectivity continue to increase, so […]

Operational Resilience Program – Steps to Conduct a Failure Modes and Effect Analysis (FMEA)

Operational Resilience Program – Steps to Conduct a Failure Modes and Effect Analysis (FMEA)

Basel defines Operational Resilience as a bank`s ability to deliver critical operations even at times of disruption. This would mean that the bank should have the ability to identify and protect itself from threats and potential failure. Failure Mode Effect Analysis is a step-by-step approach for identifying possible vulnerabilities or failures and prioritize the same […]

Operational Resilience Brochure

Operational Resilience

Enterprises have understood that disruption are not a one-off event but part of the business as usual. Things will go wrong, and enterprises are forced to plan on how to recover from the disruption. Enterprises are looking to be resilient to be able to protect and sustain their core business functions when experiencing operational stress […]

Impact Tolerance – Setting Impact Tolerance is a Vital Step to Build and Enhance Operational Resilience of an Organisation.

Impact Tolerance – Setting Impact Tolerance is a Vital Step to Build and Enhance Operational Resilience of an Organisation

Impact Tolerance is quantifying the level of disruption, a critical business service can accommodate or absorb, before such disruption creates a significant impact or harm on the organisation or its customers. These impact could be financial, operational, regulatory etc. Regulators now mandating the financial services organisations to quantify these impact tolerances in terms of time […]

Key Risk Indicators -A Powerful Tool to Anticipate Your Risk Within the Enterprise

Key Risk Indicators -A Powerful Tool to Anticipate Your Risk Within the Enterprise

In simple terms, Key Risk Indicator (KRI) is a metric used to measure the level of exposure to risk. These are indicators that denote the unfavourable situation or troubles ahead which could have a negative impact on the enterprise. KRIs are important As they help in highlighting a trend and predicting the potential high-risk area. […]

Hongkong’s Regulations for Operational Resilience

Hongkong’s Regulations for Operational Resilience

On 22nd December, 2021 HKMA (Hong Kong Monetary Authority) came up with a Supervisory Policy Manual for Operational Resilience to provide Authorized Institutions (AI) with guidance on the general principles which they are expected to consider when developing their operational resilience framework. When is an AI said to be Operationally Resilient? An AI is said […]

Irelands’ Financial Service Sector Guidance on Operational Resilience

Irelands’ Financial Service Sector Guidance on Operational Resilience

The Central Bank of Ireland`s objective of this guidance is to communicate to industry how to prepare for, respond to and recover and learn from an operational disruption that affects the delivery of critical or important business services. The Guidance aims to boost operational resilience and recognise the interconnections and interdependencies, within the financial system, […]

Operational Resilience

Operational Resilience WATCH VIDEO To receive the brochure, kindly provide your details below. By Submitting this form, your agree to the Privacy Policy of our website. DOWNLOAD BROCHURE Request a demo What is Operational Resilience? The ability of an enterprise to continue providing services to consumers despite a sudden disturbance is known as operational resilience. […]

Growing Importance of Operational Resilience in the Digital Era

Importance of Operational Resilience

Operational Resilience assumes that things will go wrong, and it will force organizations to plan on how to recover from the disruption. It is a mindset shift. Rather than trying and controlling disruptions, the approach is to assume disruptions will happen and plan accordingly on how to recover and comeback to normalcy from that state.  […]