Operational Resilience in Financial Institutions
First published:
ISBN: 9781782720966
If you are a Risk.net subscriber you are entitled to 20% off your Risk books purchases. Please email enquiries@riskbooks.com for more information.
As part of your Risk.net subscription you are entitled to 20% off all of your Risk Books purchases. If you would like to place an order please email enquiries@riskbooks.com
Scenario-based Crisis Management Exercising
Laure Molinier
Introduction
The Value of Horizon Scanning in Setting Business Continuity Policy
Monitoring Emerging Risks
Understanding and Analysing the Consequences of Business Disruption
Managing Operational Risk
Building a Resilient Capability
Cyber Resiliency: A Business Continuity Perspective
Business Continuity Management and Compliance: Legislation, Regulation and Standards
Effective Crisis Management
Embedding Business Continuity Management into Business Culture: An Asian Perspective
Scenario-based Crisis Management Exercising
The Future of Business Continuity Tools and Techniques
The Business Benefits of Business Continuity
Engaging the Board: Resilience Measured
What Does Good Business Continuity Management Look Like? Metrics and Performance Indicators
Scenario analyses are the cornerstone of different risk management processes within financial institutions. This chapter will explore the different scopes and purposes of scenario analyses. We will show the benefits of an integrated approach across risk management disciplines and for business continuity (BC) managers.
INTEGRATED APPROACH TO SCENARIO ANALYSES
Scenarios are widely used by financial institutions
Business continuity practitioners will be familiar with the development of stories to support their testing and crisis management exercising strategy, and we will develop the importance of a good storyline to an effective exercise a little later on. However, what might be less visible depending on the role within the organisation is that several other teams also analyse scenarios with different scopes and purposes.
Scenario analyses are one of the main elements in the calculation of economic capital for operational risk under the Basel II supervisory framework.11 Basel II (Revised International Capital Framework). Those institutions that have opted for the advanced measurement approach (AMA) will need to identify and quantify the potential financial impact of a
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
