Coming soon: Basel publishes operational resilience and operational risk principles
Learn about the implications and how Iceberg and ServiceNow are helping businesses manage risk and resilience in real time
May 5, 2021 at 11 a.m. PST / 2 p.m. EST
In the era of pandemics, geopolitical turmoil and post-pandemic economic change “How can we become a more resilient business” is the discussion in the minds of leaders across all industries. This conversation has gained momentum in the financial services arena with the recent publication of the Basel Committee Guidelines on Operational Resilience and Operational Risk (March 2021).
Even if your organization does not fall under Basel’s jurisdiction, the principles remain applicable in all jurisdictions, sectors and geographies.
In this session, we will examine the implications of the Basel guidance on the following:
- Building an “ active ” operational resilience framework
- Using metrics in your environment to monitor risk and resilience
- Monitor risk at the macro level while revealing problems at the micro level before they become real problems
- Risk tolerance definition and adjustment strategies
- Transform your dashboards into an actionable navigation tool compared to a static report
Operational resilience is the result of good risk management practices. Find out how resilient organizations manage risk and resiliency by taking an end-to-end view of critical business activities. A critical component is the ability to anticipate potential operational disruptions and take action to prevent, respond and adapt.
In a truly resilient business, key risk metrics and dashboards are updated automatically in near real time. Risk reporting is guided by continuous risk monitoring and controls with workflows against your appetite and established risk tolerances. The result is that when risk metrics are flagged on your dashboard, meaningful action is taken.
Hear from our subject matter experts:
Michael Murphy, Senior Director of Global Solutions, Financial Services Compliance, ServiceNow
Andrew Vesay, Chief Strategy Officer, Iceberg Networks
Upcoming post: Basel Publishes Principles for Operational Resilience and Operational Risk appeared first on Iceberg Networks.
*** This is a Risk Intelligence Academy – Iceberg Networks Security Bloggers Network syndicated blog written by Meaghan O’brien. Read the original article at: https://icebergnetworks.com/upcoming-basel-releases-principles-for-operational-resilience-and-operational-risk/?utm_source=rss&utm_medium=rss&utm_campaign=upcoming-basel-releases-principles- for-operational-resilience-and-operational-risk