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.
Our previous article on this topic set out the conceptual differences between operational resilience, operational risk, business continuity and disaster recovery. But what do these distinctions mean in practice? Is a rigid divide necessary to meet regulatory expectations, and at a practical level, who from which teams should take on which responsibilities – and how can they best work together?
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