The Path to Operational Resilience Key Considerations for Credit Unions
In a time where business disruptions and cybersecurity incidents are inevitable, operational resilience has become a prominent focus area for the Central Bank of Ireland (CBI). As a result, the CBI released Cross Industry Guidance on Operational Resilience in December 2021 and has given those in the financial services sector a maximum of two years to implement their guidance. By December 2023, all financial institutions will need to be able to demonstrate that their operational resilience strategies are aligned to the guidance.