Many in-scope firms are uncertain of how to achieve the aims of the 3-year Operational Resilience transitional period set by the regulators. In many cases they also don’t have a strategy that answers how to remain within the impact tolerances they have set and achieve the strategic objectives of their resilience programme.
We have created a new technical paper to give firms an insight into what to look at when planning an Operational Resilience framework and strategy.
In the paper we explore:
- What is an Operational Resilience framework?
- Why do firms need an Operational Resilience framework?
- The key components of an Operational Resilience framework document
- The business value of an Operational Resilience strategy document
- The difference between an Operational Resilience strategy and framework
- How the Target Operating Model (TOM) fits into the Operational Resilience framework
You can read the full technical paper here>
How FourthLine can help
FourthLine’s approach establishes a current state versus future state vision via workshops with the SMF24, IBS owners and pillar leads. We conduct an analysis of strategies already assessed by the firm and provide recommendations in our final output. That enables us to provide advice on Operational Resilience best practice adopted by firms across the market.
Enquire about our OR framework, strategy and planning consulting services here>
Topics: Investment & Asset Management, Insurance Sector
