Key things you need to know
Financial services institutions are moving to the cloud. In turn, Operational Resilience must increasingly focus on third-party risk and how to manage it.
The reason is that regulators believe outages and disruptions are inevitable, and leading organizations understand that detailed contingency planning for such events is central for effective business continuity.
The key regulatory developments to be aware of include Stressed Exit, Substitutability and Concentration Risk and The Digital Operational Resilience Act (DORA).