Operational Resilience: the
art of risk management
Description:
The result of an extensive
survey conducted by the Institute of Financial Services against IBM's operational
resilience framework, this is a unique study of the extent to which the international
financial services industry has revised its operational contingency arrangements in the
last 12 months. With the events of September 11 2001 firmly in mind, the survey reveals
fascinating insights into the risk management, security and contingency planning of many
of theworld's leading financial institutions.
The report outlines the
nature of the increasing external and internal pressures to control exposure to
operational risk. With 90% of respondents to the survey indicating that they intend to
greatly increase their expenditure on operational resilience it is invaluable to get a
sense of where and how this money is being spent.
While plans and costs for
disaster recovery occupy much of this report, it also examines the longer term trend of
increasing regulatory pressure on financial institutions to identify risk exposure and
improve controls.
198 pages