What does resilience mean in the wake of Covid-19?

The latest article from Raconteur features an in depth look at what resilience means in the wake of the coronavirus. It’s a question many businesses are asking themselves, including financial services firms that play a critical role in the global economy.

Dave Machin, a partner at The Berkeley Partnership, provides insights on how definitions of resilience have recently shifted both in light of the coronavirus crisis and increased regulatory focus on operational resilience.  

“While the ease and success of operational reconfiguration has surprised many, firms are only now starting to adjust their security and operational controls to respond to the more open access they’ve been forced to implement,” says Dave Machin, partner at the Berkeley Partnership, a specialist independent management consultancy. “This has also reinforced a trend that was already underway: the move from incident prevention to a focus on incident response.”

The full article can be read here.