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). The CBI released Cross Industry Guidance on Operational Resilience in December 2021 and set a deadline for financial services to fully implement their guidance by December 2023. As we move into 2025, financial institutions are expected to demonstrate that their operational resilience strategies are fully aligned with the guidance.