As we integrate more AI and automation into workflows, what operational risks could arise, and how can organizations prepare for the unintended consequences of these technologies? In addition, how can regulators come up with regulations regarding these technologies?
In risk management for cybersecurity, how can the Three Lines of Defense be effectively applied? Specifically, how do the business units in the First Line of Defense identify and report cyber risks in daily operations(combining model and model risk ), and how does the Second Line of Defense (such as risk management and compliance departments) ensure that the cybersecurity strategies they design can dynamically respond to evolving threats?
In setting operational resilience, we are encountering challenges. When planning for improvements, should we establish a quantitative recovery time objective (RTO) and recovery point objective (RPO)? What best practices or guidelines should we consider for setting these metrics effectively?
In our study of financial resilience, we examined various measurement approaches, such as BIA and SMA. Could you clarify how these calculations fit within the ECRG framework? Specifically, are they categorized under Financial Resilience → Capital? Additionally, I’m curious about the broader view—how do these measurement approaches align with the overall ECRG framework beyond just resilience? Thank you.
I am still confused about how to categorize different problems or actions under the ECRG framework. When an issue arises, it could fall under exposure events or be a regulatory requirement under gap analysis. I also find the difference between controls and closure action plans unclear, especially when the corrective action comes from a regulatory report.
As we integrate more AI and automation into workflows, what operational risks could arise, and how can organizations prepare for the unintended consequences of these technologies? In addition, how can regulators come up with regulations regarding these technologies?
In risk management for cybersecurity, how can the Three Lines of Defense be effectively applied? Specifically, how do the business units in the First Line of Defense identify and report cyber risks in daily operations(combining model and model risk ), and how does the Second Line of Defense (such as risk management and compliance departments) ensure that the cybersecurity strategies they design can dynamically respond to evolving threats?
In setting operational resilience, we are encountering challenges. When planning for improvements, should we establish a quantitative recovery time objective (RTO) and recovery point objective (RPO)? What best practices or guidelines should we consider for setting these metrics effectively?
In our study of financial resilience, we examined various measurement approaches, such as BIA and SMA. Could you clarify how these calculations fit within the ECRG framework? Specifically, are they categorized under Financial Resilience → Capital? Additionally, I’m curious about the broader view—how do these measurement approaches align with the overall ECRG framework beyond just resilience? Thank you.
I am still confused about how to categorize different problems or actions under the ECRG framework. When an issue arises, it could fall under exposure events or be a regulatory requirement under gap analysis. I also find the difference between controls and closure action plans unclear, especially when the corrective action comes from a regulatory report.