To minimise disruption for their customers, and the market at large, it’s now more important than ever for these organisations to improve their operational resilience to high impact events.
With the introduction of new regulatory requirements, firms must now demonstrate to the regulators that they are meeting their operational resilience requirements. They must prove they have fully assessed the risk and impact of disruption or loss of their resources (for example suppliers, technology, people and property) on important services, not just for their business, but also their customers and the market.
Whilst there will be many business continuity plans in place across each organisation, these will likely be held on separate platforms, by separate teams, and sometimes even separate businesses. The challenge lies in how you bring these together to ensure that they include sufficient focus on your important business services and highlight any interconnected vulnerabilities so you can focus attention on the areas that matter most for your business, your customers and the wider economy.
Our technology solution, OneView, draws on our risk management and regulatory experience to transform the way that businesses enhance their operational resilience and comply with new regulatory requirements. It allows you to quickly and easily assess business services, mapping these against key resources to identify vulnerabilities. As well as supporting you in meeting your regulatory obligations, it also provides you with the data you need to make better strategic and investment decisions over time.
Total visibility of resources and services to map vulnerability
With a complete view of all of your business services and how each of your resources connects with these, you are able to easily map out vulnerabilities.
Strategic and investment decisions based on the data
With a clear understanding of where your operational vulnerabilities lie, this data can help inform strategic and investment decisions for the future.
Align to your risk appetite
OneView offers you a consistent framework through which to set your risk appetite. This allows you to monitor your critical resources and business services in line with your tolerance levels.
Deliver industry best practice
By combining technology with our regulatory and market expertise, we’re able to offer a solution that delivers industry best practice. OneView embeds your operational resilience processes to support meeting regulatory requirements as soon as they come in to effect.
Promote confidence for your board and business
With an up to date perspective on all your key operational information, you’re able to quickly deliver greater insight to your stakeholders. Regular review cycles built into the platform also help you to stay on top of your self-assessment responsibilities.
Improve collaboration and accountability
OneView allows teams to collaborate and manage resources more easily, and creates a greater sense of accountability. Resources, business services and remedial actions can be clearly assigned to different users, with full audit trail available for any changes made within the platform. By providing one framework for data input right across the organisation, consistency is also improved.