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Can Your Critical Third Parties Pass the Road Test?

With the Bank of England, Prudential Regulation Authority (PRA), and Financial Conduct Authority (FCA) latest policy on “Operational Resilience: Critical Third Parties to the UK Financial Sector,” the pressure is on for critical third parties (CTPs) to be prepared for anything—because when they falter, it’s the whole financial system that feels it. And while traditional resilience...

Gamechangers in Resilience: The Pivotal Point

iluminr Gamechangers in Resilience is an interview series that shines a light on the trailblazers and innovators transforming the fields of risk, resilience, security, and compliance. Through in-depth conversations with industry leaders, this series uncovers the strategies, insights, and technologies that are shaping the future of organizational resilience. Marco Felsberger was born and raised in...

Simplifying Third-Party Risk Management with Engagement

From the comprehensive approach of ISO 22301 in Business Continuity Management to the specialized third-party risk management guidelines set by regulatory bodies across the United States, EMEA, and APAC regions,  the universal emphasis on regular testing, senior management involvement, and stakeholder collaboration are gamechangers for organizations building the capability to withstand compound disruption. The practice...

Enhancing Digital Operational Resilience for Business Leadership under DORA

The EU’s Digital Operational Resilience Act (DORA) has ushered in a new era of responsibility for business leaders, executives, and board members in the financial sector. With the rising complexity of Information and Communication Technology (ICT) risks, traditional methods of training and risk assessment are being reevaluated. Microsimulations present an innovative approach to meeting these...

Gamechangers in Resilience: The Balancing Act

In the dynamic and rapidly evolving landscape of modern business, adaptability is crucial for success. Through iluminr’s ‘Gamechangers in Resilience’ interview series, we turn the spotlight on prominent leaders who exemplify resilience, both professionally and within their communities. Bob Fucito is an award-winning financial services executive renowned for his extensive expertise and accomplishments in the...