Mastering Operational Risk, 2nd Edition

11

Business continuity

Ensuring survival

Business continuity and risk management

Policy and governance

Business impact analysis

Threat and risk assessment

The business continuity strategy and plan

Testing the plan

Maintenance and continuous improvement

ENSURING SURVIVAL

It is a fact of life that ‘stuff happens’. Dealing with it is much of what operational risk management is all about. Many operational risks can be managed and mitigated down to acceptable levels, as this book has shown. Some things, however, cannot be prevented. The best we can do is to have in place contingency plans which will mitigate the effects as best we can.

To that extent operational risk is rather like politics. When Harold Macmillan, British Prime Minister from ...