Resilience Series: Components of a resilience framework

Siobhán McBean, Partner in our Asset Management and Investment Funds Group and Ciaran Flynn, Head of Governance and Consulting Services, discuss the latest changes in operational and digital resilience, focusing on recent updates from the Central Bank of Ireland. These updates bring local regulatory guidance into closer alignment with the EU’s Digital Operational Resilience Act (DORA), encouraging firms to adopt DORA’s standards as best practice. They explain why organisations now need to maintain separate but aligned frameworks for operational risk and operational resilience, and stress the importance of addressing both internal and external critical business functions to ensure robust protection against disruption.