Developing Operational Resilience in Banking and the Impacts of COVID-19

Presented by

Tiger Pillay - Principal, Avadeen Consulting

About this talk

Regulators across the world are taking a greater interest in operational resilience strategies as part of their fiduciary duties in ensuring stability within the financial system. The critical significance of resilience is very apparent in the current environment as banks across the globe deal with tragic the circumstances of COVID-19 on its employees, customers and the broader financial markets. This discussion will focus on addressing the key challenges faced by banks in developing and implementing resilience strategies whilst at the same time ensuring that broader organizational goals are not compromised. Key Takeaways: -Common global regulatory expectations on banks to manage operational resilience -COVID 19 impacts on banks in the medium to long term -Dependency on a well managed set of business processes to develop a robust resilience strategy
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