COVID-19, social unrest, and severe market dislocation have all converged to create the perfect storm. And the limitations of the traditional Business Continuity Plan (BCP) approach to crisis management have highlighted the importance of understanding and planning for multiple events, and the need for an operational resilience approach.
Read about:
- the limitations created by traditional BCP and siloed approaches
- the 10 most common challenges to operational resilience
- what proactive firms do to differentiate themselves
- our perspective reacting to and addressing challenges.
Operational resilience: Common challenges in risk management
A survey conducted with global and US-based financial services institutions highlights the need to understand and plan for tail end events and their impacts on operational resilience.