Exclusive Report In Partnership with Celent
Leading research and advisory firm
Operational Resilience Is No Longer a Technical Mandate, It’s a Strategic Imperative
Global financial institutions have spent the past three years architecting resilience programs in response to mounting regulatory pressure. Now, with compliance deadlines in full effect, boards and executive leadership must ask a more fundamental question: Are we truly resilient, or are we merely checking the box?
This exclusive Celent report offers a timely and incisive view into the state of operational resilience across the financial sector. Based on a global survey of 230 risk and compliance executives, Is Your Resilience Real? exposes the disconnect between transformation efforts on paper and the confidence leaders have in their institutions’ ability to withstand disruption.
For executives charged with safeguarding institutional trust, navigating regulatory complexity, and driving business continuity at scale, this report delivers clarity where it’s needed most.
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Starting in 2021, a wave of operational resilience regulation introduced a new regulatory environment for banks across the globe. These regulations typically gave banks a three-year window to become compliant. The run-up to these deadlines has spurred waves of transformation across the financial services industry as banks put in place the processes and technology to withstand unanticipated shocks to their business.
The EU’s Digital Operational Resilience Act (DORA) is the most notable of these regulations and has become a benchmark for digital resilience in the financial sector. Yet, the trend toward regulatory oversight of operational resilience (OpRes) is worldwide.