Appendix: toolkit and guide
Appendix: toolkit and guide
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
The core principles of operational resilience are:
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senior-level buy-in and participation;
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establishing a team with a complementary skillset that comes from a variety of disciplines (technology, third party and cyber);
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a foundational understanding of BCM/ITDR and risk management;
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critical thinkers who can connect the dots to help understand the end-to-end;
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influencers are needed to work with leadership and agree outcomes, with cross-functional collaboration being key;
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regulatory engagement and monitoring to help understand the landscape, influence rule-making, and the interpretation and applicability of regulations;
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adaptability as regulations and the business environment are continually evolving; and
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provide opportunity for training and development within the teams and internal mobility to break down silos.
MATURITY ASSESSMENT TEMPLATE
This tool can assess the status and maturity level of a resilience programme, showcasing risk reduction through enhanced maturity levels and informing investment requirements. It provides clarity on the organisation’s current capabilities and its trajectory (see Figure A.1).
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