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How should banks adopt their data strategy to assure operational resillience when critical data is in threat?
The new era of risk and resilience requirements, particularly, the new requirements of the revised FINMA circular 23/01 “Operational Risk and Resillience” will require financial institutions special attention. The new requirements are expected to enter into force on January 1, 2024. Therefore, time is of the essence.
Authors:
Christian Schnewlin, Konrad Meier, Alexandru Maruta, Philippe Oertli
Publication:
February 2023
Language:
English
Number of pages:
4
Document type:
Brochure
Key questions we will explore:
- Is your entire organization aware of the revised circular and it's implication?
- Has your organization set the right priorities, considering the short timeing aspect for the Circular to enter into force (01.01.2024)?
- Have you considered a holistic approach that builds on existing functions keeping required changes at a minimum?
- Are you confident that your selected approach meets FINMA expectations?