This is the time for a well-developed, well-embedded and well-operated enterprise risk management framework and processes. It is not a time to throw away risk management thinking. It is a time to bring it into action.
You’re well on your way in implementing an operational resilience program: you have identified mapped your important business services, defined tolerances, designed scenarios, tested them, and enabled reporting. The final step is to conduct a self-assessment to demonstrate to regulators that your program works as well as you think it does. What’s the best approach?
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