CP140 - Cross Industry Guidance on Operational Resilience


Overview

Description

The Central Bank of Ireland seeks stakeholders’ views on the proposed “Cross Industry Guidance on Operational Resilience”. In keeping with our strategic commitment of strengthening resilience throughout the financial system, it is important to continue to address existing vulnerabilities and weaknesses to ensure that it can better withstand future shocks and crises and to limit the impact of such events.

In developing these proposals we considered the responses to an Operational Resilience Maturity Assessment conducted across a sample of financial services firms in Q4 2020.    These self-assessments were designed to gain an understanding of firms’ views of their level of operational resilience preparedness.   In general, these indicated that firms need to build on existing business continuity management approaches to take an end-to-end business services approach to the operational resilience of critical or important business services.

CP Number : CP140
Date : 09 April 2021
Closing Date : 09 July 2021

Consultation Paper Document

CP140 - Cross Industry Guidance on Operational Resilience | pdf 1345 KB