Covid-19 pandemic have made financial institutions realize, the need to adopt an industry recognized operational resilience framework to be able to withstand the next disruption.
More and more regulators across the globe are issuing suitable guidelines to the financial market entities to be operationally resilient, making them able to better withstand, adapt to, and recover from severe adverse events.
Enterprises are looking for ways and means to manage their critical business services in a more resilient way. With ability to understand, analyse and manage their vulnerabilities – enterprises look forward to tightening their checks and balances, internal controls, streamline processes and thereby improving their resilience.
The purpose of this paper is to help financial firms to understand the importance of operational resilience and the approach to be followed to roll out an operational resilience program within their enterprise.
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