Achieving Operational Resilience in Financial Sector

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When affected by a disaster, whether of a natural origin or human-made, banks and credit unions provide critical support for the entire community. From the basic steps of Business Continuity Management to advance analysis of operational resilience in the financial sector, this guide is a helpful resource while emphasizing the importance of enterprise-wide resilience strategy.
achieving operational resilience in financial sector

The history of business continuity planning for banks and financial crises that inevitably impact banking institutions has taught us that nothing is 100 percent certain or safe. Crises come in different forms. The guiding principle for achieving business resilience is to prepare and adapt to emerging threats. To become resilient in the face of any threat, organizations must operationalize before, during, and after a business interruption. There are significant capabilities that organizations must build as part of their resilience strategy to help thwart the disruptive events and business impacts. When created properly, resilience is a strategy that permeates all business functions and should be devised with a broad, enterprise lens.