Operational resilience towards a global alignment

Alda Bida and Rupesh Nathoo
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Alda Bida: BGC Group, GFI Group, UK
Rupesh Nathoo: Business and Controls Manager, BGC Group, UK

Journal of Business Continuity & Emergency Planning, 2024, vol. 17, issue 4, 306-322

Abstract: Operational resilience lies between operational risk and business continuity. This paper provides a view on the implementation of the operational resilience framework, and its relationship with operational risk and business continuity. It analyses the similarities and differences between these exercises and how management information from these exercises can be leveraged and aligned. The paper also provides answers to three important questions: (1) What pushed the international regulators to add additional oversight? (2) What benefits and challenges are brought by operational resilience? (3) Why is it important to harmonise operational resilience within the international regulatory landscape?

Keywords: operational resilience; critical functions; technology risks; third-party risk; systems disruption; contingency planning; AI; digitisation (search for similar items in EconPapers)
JEL-codes: M1 M10 M12 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jbcep0:y:2024:v:17:i:4:p:306-322

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