Upcoming: Basel Releases Principles for Operational Resilience and Operational Risk

Learn about the implications and how Iceberg and ServiceNow are helping firms manage risk and resilience in real time

May 5, 2021 at 11am PST / 2pm EST

In the era of pandemics, geopolitical unrest, and post-pandemic economic changes “How do we become a more resilient enterprise” is the discussion on the minds of executives across all avenues of business. This conversation has been accelerated in the financial services space with the recent release of the Basel committee guidance on Operational Resilience and Operational Risk (March 2021). 

Even if your organization doesn’t fall under the purview of Basel, the principles remain applicable across jurisdictions, industries, and geographies.

In this session we will look at the implications of Basel guidance on the following: 

  • Building an ‘active’ operational resilience framework
  • Using indicators across your environment to monitor risk and resilience 
  • Monitoring for macro level risk while surfacing micro level issues before they become real problems 
  • Strategies for setting and adjusting risk tolerances 
  • Turning your dashboards into an actionable navigation tool versus a static report

Operational resilience is the outcome of sound risk management practices. Learn how resilient organizations manage risk and resilience by taking an end-to-end view of critical business across the enterprise. A critical component is the ability to anticipate potential operational disruptions and take actions to prevent, respond, and adapt.

In a truly resilient enterprise, key risk indicators and scorecards are updated automatically in near real time. Risk reporting is driven by continuous monitoring of risk and controls with workflows against your established risk appetite and tolerances. The result is when risk indicators are flagged on your scorecard, meaningful action is taken. 

Hear from our subject matter experts:

Michael Murphy, Global Solution Senior Director, Financial Services Compliance, ServiceNow

Andrew Vesay, Chief Strategy Officer, Iceberg Networks

The post Upcoming: Basel Releases Principles for Operational Resilience and Operational Risk appeared first on Iceberg Networks.

*** This is a Security Bloggers Network syndicated blog from Risk Intelligence Academy – Iceberg Networks authored by Meaghan O'brien. Read the original post at: