The capacity of a financial services organisation to anticipate, prepare, respond, adapt, recover and learn from business disruption.
Since the global financial crisis in 2008, industry leaders and supervisory authorities alike have placed a strong focus on financial services organisation’s ability to demonstrate resilience.
Although the outcome of the Covid 19 pandemic stress testing of global financial institutions indicated that the industry remained resilient, one of the top supervisory priorities for financial services regulators worldwide continues to be Operational Resilience and it is expected to be a key regulatory focus area over the coming years.
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