RETHINKING RISK: FROM DEFENSE TO COMPETITIVE EDGE There was a time when “Risk” had clear definitions to include Interest Rates, Market Volatility, Credit Defaults, Operational Hiccups etc.. Patterns of risk, while never simple, followed familiar curves. Compliance, in turn, responded with frameworks built for steady navigation that were codified, siloed, well-documented. THAT TIME IS OVER....

In today’s world, disruptions are inevitable— whether from cyberattacks, system failures, natural disasters, pandemics, or geopolitical upheavals. Financial institutions (self-respecting firms of any genre actually), embedded as they are in the global economy, must not just react to these shocks but ensure they can continue delivering critical services seamlessly, whatever the challenge may be. This is where Operational Resilience takes center stage. It’s no longer about just preventing failures—it’s about withstanding, adapting, and recovering from them while minimizing impact on all stakeholders, customers, markets, and economies.