US Interagency Sound Practices to Strengthen Operational Resilience

Section 2 Operational risk management (practices a to g) – US Interagency Sound Practices to Strengthen Operational Resilience

US Interagency Sound Practices to Strengthen Operational Resilience 2g: Operational risk function works closely with business continuity management and recovery or resolution planning on resilience

What does 2g require?

The operational risk function stays in close working contact with business continuity management and with recovery or resolution planning on everything to do with resilience.

Maintained by Gerard Blokdyk

Other controls in Section 2 Operational risk management (practices a to g) – US Interagency Sound Practices to Strengthen Operational Resilience

2a Senior management oversees operational risk processes, systems and controls that identify and contain a disruption, mitigate its effects and resolve it within the tolerance for disruption
2b Business line management identifies and mitigates operational risk exposures in line with the tolerance for disruption
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
2d Operational risk function regularly reviews, tests and updates internal controls relevant to critical operations and core business lines, including those performed by third parties
2e Risk identification and assessment approaches capture business processes and their operational risks, including technology and third-party risk
2f Independent audit reviews and challenges the operational risk function and assesses whether it operates within the tolerance for disruption

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The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.

MCP endpoint All US Interagency Sound Practices to Strengthen Operational Resilience controls