By Alisha Sackett
Recently, Periculum partnered with the Center for Financial Professionals (CeFPro) to assess how financial services firms across the US and Europe are building operational sustainability and resilience into the financial system.
Operational resilience is evolving as the minimum standard as global financial markets become increasingly interconnected to include advanced systems and on-demand digital solutions providing consumers and businesses with the ability to manage their financial affairs when and how they want, operational resilience is evolving as the minimum standard. It is further becoming widely recognised as the next pillar of financial regulation, with international regulatory bodies issuing consultations and new guidance addressing the need for resilience across global financial markets.
Through Periculum’s partnership with CeFPro, we have performed an extensive cross-sector analysis into the current status of operational resilience and identified current trends across the wider financial services industry. The full results of our analysis will be published in November. Ahead of that time, Managing Director Christopher Thackray, along with Periculum’s analysts, delivered a high-level summary of the results and a perspective piece on the development of operational resilience as the new pillar on which to build, drawing upon standards from the airline industry, which was published 14th October in CeFPro Magazine.
Read the research summary and article here:
Companies have the opportunity to begin or strengthen operational resilience programs. To find out more, book a call with one of our risk practitioners today or get more information at email@example.com.