Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Operational resiliency today

Michael Rasmussen | December 13, 2018

I am sitting in a pub in London having a last pint before I fly home in the morning. After an intense week of interactions with organizations my mind is laser focused on the burning issue of the day: operational resiliency.

The FCA, PRA, and Bank of England have recently released a discussion paper focused on the need to build greater operational resilience in organizations. This challenge is much broader than just the United Kingdom and financial services; it is an issue that crosses the globe and industries. How do we build resiliency in our business to risk and disruption?

Today’s organization is complex and chaotic—in a constant state of metamorphosis. Keeping complexity and change in sync is a significant challenge for operational risk management functions. Consider that the modern organization is:

  • Distributed. Traditional brick-and-mortar business is a thing of the past: Physical buildings and conventional employees no longer define...
    Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.