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Operational resilience towards a global alignment

Author

Listed:
  • Bida, Alda

    (BGC Group, GFI Group, UK)

  • Nathoo, Rupesh

    (Business and Controls Manager, BGC Group, UK)

Abstract

Operational resilience lies between operational risk and business continuity. This paper provides a view on the implementation of the operational resilience framework, and its relationship with operational risk and business continuity. It analyses the similarities and differences between these exercises and how management information from these exercises can be leveraged and aligned. The paper also provides answers to three important questions: (1) What pushed the international regulators to add additional oversight? (2) What benefits and challenges are brought by operational resilience? (3) Why is it important to harmonise operational resilience within the international regulatory landscape?

Suggested Citation

  • Bida, Alda & Nathoo, Rupesh, 2024. "Operational resilience towards a global alignment," Journal of Business Continuity & Emergency Planning, Henry Stewart Publications, vol. 17(4), pages 306-322, June.
  • Handle: RePEc:aza:jbcep0:y:2024:v:17:i:4:p:306-322
    as

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    More about this item

    Keywords

    operational resilience; critical functions; technology risks; third-party risk; systems disruption; contingency planning; AI; digitisation;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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