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Estimated Turnout
25Editions
Apr 2022Frequency
One-time


In August 2020, the Bank for International Settlements BCBS committee issued a paper entitled operational resilience. This was a response to the .. Read more crisis of 2020 and the impact that this had on so many firms. This paper was then finalized in February 2021 and provides important lessons for any firm to follow.Operational resilience seeks to ensure that firms will be able to provide critical services and functions during crisis. Whilst the pandemic of 2020 was one crisis, the next one could be completely different. Firms need to implement systems and structures to enable them to understand the likely impact of an event on their ability to deliver services when an event occurs including the dependencies and interconnections which inhibit their implementation.The Operational Resilience & the new papers from the BIS Masterclass will take delegates systematically through each of the requirements to enable them to consider the actions that they would need to take into practice.
Highlights
- The changes to operational risk in 2021.
- How the environment has changed and its impact.
- Reporting and measurement of operational resilience.
Session
Introduction to the Operational Resilience Paper and the Background to Its Creation Goals and intentionsKey elementsGovernance and actionsKey changes to risk management during 2020/202 | ||
Session
The Evolving Operational Risk Landscape and the Essential Elements of Operational Resilience Understanding the operational risk landscapeHow has it changed as a consequence of the Crisis of 2020/2021Ess | ||
Session
Definition of Operational Resilience and Introduction to the Principles Definitions within operational resilienceRange of threats to considerRelationship to other guidanceC | ||
Session
Business Continuity Planning and Testing The Governance of Operational Resilience and Its Relationship to Operational Risk ManagementStructure and governance | ||
Session
Mapping Interconnections and Interdependencies Mapping Interconnections and InterdependenciesGoals and objectivesThe principle and guidance |