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Poll: Is your business operationally resilient in the event of an IT meltdown?

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  • 22/01/2020
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Poll: Is your business operationally resilient in the event of an IT meltdown?
If you ask industry heavy weights what the big regulatory issues are this year, operational resilience seems to be firmly in the top three.

 

Writing for Mortgage Solutions, Martin Langlands, chief risk officer at Harpenden Building Society, said: “Proving to your supply chain and the regulators that your business can operate seamlessly during an IT meltdown will be the main issue facing financial firms in Q2.”

He added that large and medium organisations already have robust operational plans and many small and medium size enterprises have thought through how they would operate in the event of a disaster.

But with more controls and rules designed to “beef up” this process, all organisations are going to have to apply more due diligence and put in place more controls and contingencies.

So this week, Mortgage Solutions wanted to find out how ready intermediary firms are to cope with a massive system failure.

 

Is your business operationally resilient in the event of an IT meltdown?

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