The concept for a financial services institution to respond, recover, and resume operations at acceptable levels of performance after a disruption occurs, is called Operational Resilience. One of the key priorities for regulators across the globe is to put in place a stronger regulatory framework to promote the operational resilience of financial services firms.
In this article, get to learn more about the concept of operational resilience, some practical guidance on challenges, and why the use of the right technology is pivotal.
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