The Office of the Superintendent of Financial Institutions (OSFI) released a draft guideline on October 13, 2023, on the operational resilience and operational risk management requirements of Federally regulated financial…
Everywhere you look today, there are reports on the news about something that could impact your supply chain and your business. It could be a fast-approaching hurricane, an active crime…
In an era of constant disruption, becoming operationally resilience has become a critical need for organizations worldwide. Operational resilience is the ability to prepare, adapt to, withstand, and recover from…
Artificial Intelligence (AI) refers to computer science that focuses on creating intelligent machines capable of mimicking human cognitive abilities. AI aims to develop systems that can perceive, reason, learn, and…
The Digital Operational Resilience Act (DORA) is a legislative proposal by the European Commission to strengthen the operational resilience of the financial sector in the European Union (EU). The proposed…
This relatively new term, “Operational Resilience” has many asking, “is this the same as business recovery?”, or “what’s the difference?” While there are similarities, let me explain the differences. There…
Financial services institutions (FSIs) should be taking steps now to build operational resilience, which is the ability of firms, financial market infrastructures and the financial sector to prevent, adapt, respond…
Building a resilient organization has traditionally been done through the lens of “what do we do after a disaster strikes? How long can we be down? How do we recover?”…
The world as we know it is dynamic, and the global pandemic has emphasized the fragility of human and organizational operations in the connected world of today. Companies are not…