US Interagency Sound Practices to Strengthen Operational Resilience 2c: Operational risk function assesses critical operations and core business lines of the firm and its material entities, their exposure to operational risks and the ability to recover

What does 2c require?

The operational risk function examines the core business lines and critical operations of the firm and its material entities, works out how much exposure the firm has to the operational risks it faces now or expects, and judges how well the firm could recover from a disruption.