1. Elements of Corporate Resilience
Organisational
Operational
Financial

2. Financial and Operational Resilience
Key Elements of Bank of England Supervisory Toolkit
One of the Bank of England’s objectives is to secure Financial Stability. This is delivered primarily through two pillars of supervision covering (i) financial and (ii) operational resilience. With supervisory tools for financial resilience largely in place, UK regulators are enhancing supervision of the operational robustness of firms
Financial Stability
Financial Resilience
Operational Resilience
Operational Risk Management
Ongoing preventative steps to minimise the likelihood and impact arising from operational risks, including by identification, measurement, monitoring and controlling significant operating risks
Normal
Operation
Capital, liquidity and funding management e.g., ICAAP, ILAA
Risk management and controls over non-financial risks
Financial disruption may have operational impact
Disruptive Event Management
Focusing on providing continuity of business services and firm’s ability to respond to and recover from operational disruptions which have the potential to cause harm to consumers, market participants, markets and the firm’s viability
New area of regulatory focus
Disruptive Event Management
Increasing severity of business disruption
Recovery Plan
Operational disruption may have financial impact
Operational Continuity in Resolution
Ensuring operational continuity of firms’ critical services to facilitate recovery actions, orderly resolution and post-resolution restructuring
Operational Continuity in Resolution
(OCIR)
Resolution Plan/SWD
MREL
Resolution

3. Organisational Resilience
Culture
Core Values
Tone from the Top
Organisational Embeddedness
Team
Functional Leadership
Path to Development
Succession Planning / Mobility
Employee Health & Wellness
Physical
Mental
Financial
Spiritual
Life Events