The finance sector is no stranger to risk management. It is a key skillset for nearly every organisation in the industry and well represented at board level. As such, developing a risk management framework for digital operational resilience should be a relatively trivial matter. The key issue is more likely to be developing the skills and knowledge to properly assess digital operational resilience risks, which are likely to be different from those examined in other areas of the business.

Adding to this difficulty is that the organisation must address risk management both internally and externally. This may involve not only managing contractual issues with suppliers but also requiring specialist knowledge to ensure all ...

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