Financial services institutions are moving to the cloud. As firms migrate to cloud-based solutions they increasingly use third parties to deliver critical services to customers. This has regulators worried because they see that the industry is starting to rely on a narrow set of cloud service providers, and they believe outages and disruptions are inevitable. Operational Resilience must increasingly focus on third-party risk and how to manage it.
This brochure explains why regulators are concerned about Operational Resilience, how it will impact you and what you can do about it.