Regulatory Alerts2023-04-27
Discussion Paper on Ensuring Operational Resilience
The Financial Services Agency (FSA) of Japan issued this Discussion Paper to outline a basic framework for financial institutions to ensure operational resilience, defining it as the ability to continue delivering critical operations at a minimum level during disruptive events. This framework requires institutions to identify critical operations, set a tolerance for disruption, map interconnections, secure necessary management resources, and continuously check sufficiency through training and testing. The FSA will apply a proportionate approach, avoiding uniform standards, and aims to summarize challenges while reflecting evolving international discussions and practices.
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