Operational resilience is the organisation's ability to continue delivering critical operations during disruptions. Resilience encompasses identifying and managing risks, preparing for potential disruptions, and ensuring recovery and adaptation post-incident.
Key principles are: understanding the risk landscape, mapping interdependencies, setting impact tolerances, and developing response and recovery plans. This holistic approach integrates business continuity, risk management, and incident management to minimize operational impact.
Regulatory frameworks, such as those from the FCA and Basel Committee, emphasize proactive measures and continuous improvement to ensure organizations can withstand and adapt to various disruptions, including cyberattacks, natural disasters, and pandemics
