The latest resilience news from around the world

The BCI has released its latest survey report, the Operational Resilience Report 2022. Sponsored by Castellan Solutions, this examines how organizations understand operational resilience while taking a look at the steps they have taken to achieve it.

Key findings include:

  • More than three-quarters (78 percent) of surveyed organizations have or are developing an operational resilience programme.
  • Operational resilience take-up is not limited to the financial sector: whilst regulation is a primary driver for operational resilience programmes, good practice is encouraging take-up amongst the broader market.
  • 71 percent of organizations are confident they have identified their important business services correctly, but less than two-thirds are confident their impact tolerances can be met.
  • Just one in five UK financial services institutions which fall under the regulation believe the regulators have done enough to help organizations implement operational resilience.
  • Although larger organizations have the funding and capacity to support building a dedicated operational resilience team, for smaller organizations, business continuity professionals are commonly those who are directed to manage operational resilience programmes.
  • Most professionals have experienced challenges to introducing operational resilience into their organizations, with knowledge being the primary inhibitor.

More details.

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