Purchase any WEBINAR and get
Validity : 29th May'23 to 08th Jun'23
The idea of resilience, inherited from the domain of physics, has entered the vocabulary of risk management for good. The word sings a hymn to heroes of risk management, and comes out of every speech from central bankers. There must be something cool about this idea. However, having been over-used, borrowing different meanings from various people, the idea could have lost its mojo.
However, there is more to it than a fashion. The concept can help to understand the structure of any kind of system, including a financial institution. It can help to withstand shocks without having to transform a bank into a bunker, and can participate in ensuring the robustness and flexibility of structures and processes.