Foreword by Mike Campbell
Mike Campbell
Foreword by Mike Campbell
Acknowledgements
Abbreviations
Glossary
Foreword by Mike Campbell
Foreword by Raj Sardana
Preface
Introduction
What is operational resilience?
Facets of operational resiliency
Driving business value
How to approach operational resilience
Operational resilience fundamentals
Getting organised around operational resilience
Regulation: Reshaping the financial industry
Understanding impact tolerances: How severe is severe?
Scenario testing: What are severe but plausible scenarios?
Connecting the dots: Resilience, risk and resolution
How resilient are you? The supply chain imperative
Intersection of operational resilience, ESG and climate risk
Artificial intelligence and the transformation of operational resilience
Case study: Covid-19 and the transformational shift in resilience
Closing thoughts: The impact of operational resilience
Appendix: toolkit and guide
Endnotes
References
In the ever-evolving landscape of global finance, the term “operational resilience” has transcended buzzword status to become the linchpin of sustainable success. As the financial sector grapples with the complexities of interconnected risks, the importance of a cohesive approach to resilience has never been more pronounced. This book, a comprehensive exploration of operational resilience, serves as both a beacon and a guide for navigating these turbulent waters.
The integration of data across the traditionally siloed domains of business continuity, operational risk, third-party risk, and crisis and incident management, is hugely important. It is not just about ticking boxes for compliance, but about crafting a resilient framework that stands robust against the unforeseen. Compliance, in this context, becomes the cherry on top of a well-baked resilience strategy, rather than the cake itself.
The insights shared in this book underscore a critical realisation: operational resilience is not a static goal to be achieved but a dynamic journey. It requires the harmonious orchestration of data, insights and actions across all facets of risk management. The narrative compellingly argues that
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