After the 2007/2008 global financial crisis, regulators and organisations placed a key focus on financial stability as the crisis demonstrated to regulators that a financial collapse at one financial institution could threaten the manner in which risk management and operational resilience is effectively managed by many, if not all, financial institutions. These learnings led to regulators issuing a number of directives within their jurisdictions and working more closely with the financial services industry to mitigate these risks.
