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Download the "What is Operational Resilience" Whitepaper
What is Operational Resilience?
An introduction into the strategy to become resilient
ITRS has grown up within real-time electronic financial markets, where speed and uptime are existential issues – Operational Resilience is central consideration at the core of those markets. In the first of our three whitepapers below we explain why operational resilience is becoming more and more important, the potential costs and some approaches to conquering it.
The Operational Resilience Dilemma
Operational resilience is a term which first began circulating in it's most recent form, in 2012. For financial institutions it has been a reality since then, however it was a reality with little supporting information for the individual's at its mercy. In late 2018 the financial world, whilst also dealing with the realities of Brexit, were anticipating stress-testing for operational resilience to become another important priority. The regulatory tests did not emerge at that time, but the importance of operational resilience remained, and since then many financial firms have been setting long term strategy to accommodate the requirements associated with operational resilience. As the Bank of England and many of the 'Big Four' firms set the pace for meeting operational requirements, understanding the broad remit of OR and preparing on a technology and operations level is of critical importance.
