CP140 - Cross Industry Guidance on Operational Resilience

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Overview

Description

The Central Bank of Ireland’s Cross Industry Guidance on Operational Resilience (the Guidance) communicates to industry how to prepare for, respond to, recover and learn from an operational disruption that affects the delivery of critical or important business services.  In keeping with our strategic commitment of strengthening our ability to maintain the resilience of the financial system, it is important to continue to address existing vulnerabilities and weaknesses, and mitigate risks in the financial system to ensure that it can better withstand future shocks and crises and to limit the impact of such events.

The Guidance was consulted on and responses were received from a wide number of industry bodies and regulated entities. The feedback received was considered when finalising the Guidance and responses to the feedback are detailed in the accompanying feedback statement. Respondents generally welcomed the consultation and agreed that the Guidance includes the core elements of an effective Operational Resilience Framework.

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Consultation Paper Document

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

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Feedback Statement

CP140 - Feedback Statement Cross Industry Guidance on Operational Resilience | pdf 532 KB