TPG Consulting performed a banking regulatory assessment that evaluated resilience and operational risk management, focusing on alignment with the BIS Principles for Operational Resilience. The review provided insights into existing strengths and areas for improvement.
TPG identified Key Strengths to Build Upon in areas of governance, operational risk management, business continuity and cyber security as related to the new BIS regulation.
The assessment further identified areas for improvement and created a roadmap for uplift in the following areas: (1) Data and Risk Management, (2) Business Continuity Standards, (3) Incident Management scenario planning, communications, and readiness exercises, (4) Metrics and Continuous Improvement
Specific recommendations lead to the following outcomes: (1) Transitioned business continuity and resilience out of IT and into the risk management function to remove siloed efforts. (2) Introduced a more structured and scalable approach to tracking dependencies, third-party risks, and incident management actions. (3) Established realistic simulations to test business continuity and recovery plans across multiple scenarios. (4) Created a continuous improvement process, reinforcing operational resilience as a core cultural and strategic priority.
The assessment recognized the institution’s strong foundational alignment with regulatory principles and its commitment to continuous improvement. By addressing identified gaps, enhancing strategies and implementing changes, the organization is better positioned to bolster its resilience framework and maintain compliance with evolving standards.
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Operating in today’s complex economy brings a host of challenges. Navigating regulatory, operational, and financial intricacies can create uncertainty and disrupt business momentum. At TPG Consulting, we focus on delivering measurable outcomes that drive your success. By combining deep industry knowledge with integrated capabilities, we ensure strategy and solutions are tailored to achieve your specific goals. From streamlining operations to creating long-term value, our approach ensures consistent quality and lasting impact. With TPG Consulting by your side, you can confidently embrace the future and achieve the outcomes that matter most to you.
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