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Navigating the road to operational resilience: A critical milestone for financial firms.

Published by Be Shape The Future

The article discusses the importance of operational resilience for financial firms, emphasizing the need to prepare for the March 2025 regulatory deadline. Firms must identify important business services (IBS), assess vulnerabilities, and develop plans to mitigate risks, particularly from cyber disruptions. Boards and senior management play a crucial role in overseeing resilience programs. The report highlights the significance of managing third-party engagements and adapting to changes like the RTGS core ledger replacement. By aligning with regulatory requirements and embracing proactive strategies, financial institutions can enhance their resilience and ensure the continuous delivery of critical services.

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