RMA’s Business Resiliency Framework

INTRODUCTION

This framework, which incorporates lessons learned from managing risk events, reflects the consultation papers issued by the UK supervisory authorities in December 2019 and a discussion draft issued by the Global Financial Markets Association (GFMA) and the Institute of International Finance (IIF) in May 2019.

Resilience is commonly understood to be, as Merriam-Webster puts it, “an ability to recover from or adjust to adversity or change.” In a business sett…