GRA · Financial Cyber and Operational Resilience

Spatial financeWhere capital meets hazard, exposure and transition

Resilience and finance readiness

Operational resilience readiness asks whether a financial institution or programme knows its important business services, the people, sites, technology and providers behind them, and how long each could be disrupted before harm becomes intolerable. Financial Cyber and Operational Resilience, a the Global Risks Alliance (GRA) platform, prepares mapping evidence and frames the questions; supervisors and firms judge.

01Workspace

The workspace for resilience and finance readiness.

Programme board

Bank B services · Resilience and finance · Cycle 1 of 4 · Example interface, not a record

  • Workstreams active
    7Active
  • Milestones due this quarter
    4Watch
  • Decisions pending with owners
    2Watch
  • Open risks
    6
Quarter review dueGRA · Financial Cyber and Operational Resilience

Workstreams

by stage

Scoping02
Impact tolerance settingWS-624 · owner: Supervisor
Cyber recovery capabilityWS-130 · owner: Operational resilience lead
In delivery02
Self-assessmentMilestone M2 · slipping
Third-party exit plansMilestone M2 · on plan
Review01
Scenario testing programmeIndependent reviewer named
Closed01
Service mappingClosure note on record

Gates

  1. Requestowner named
  2. Scoping noteboundary
  3. Qualifiedinputs
  4. BuildFoundry
  5. Testcontrolled
  6. Publishwith limits
  7. Decisionauthority
Programme board.Illustrative interface; not live data.

Financial Cyber and Operational Resilience · Programme board. Programme board: example names and illustrative values, not a record.

02Readiness

Readiness is not approval.

A readiness file describes a programme's evidence, risks and governance so that an institution can carry out its own review. GRA does not approve, rate, underwrite, lend or invest, and it recommends no counterparty.

03DORA lens

The five pillars of the EU regime, applied since January 2025.

PillarWhat it requires
ICT risk managementA documented framework covering identification, protection, detection, response and recovery
Incident reportingClassification and reporting of major ICT-related incidents to the competent authority
Resilience testingTesting programme, with threat-led penetration testing for designated entities
Third-party riskRegister of ICT contracts, exit strategies, oversight of critical ICT third-party providers
Information sharingVoluntary arrangements for cyber threat intelligence
04Process

How the process runs.

Process explorer · Process

Resilience and finance readiness: Public service over DPI

7 steps4 stages1 gate

Process

Resilience and finance readiness: Public service over DPI

An illustrative service request; the Universal DPI Safeguards Framework 2.0 has 18 principles and five life cycle stages but prescribes no sequence.

  1. 01 Person

    1. 01IdentityDatasetThe person proves who they are to the service. The framework asks that people have a choice of digital and non-digital channels.
    2. 02ConsentGateThe person decides on sharing their data for a stated purpose. The framework asks that everyone can control their data and choose.
  2. 02 Agency

    1. 03Data exchangeModelThe agency obtains only the data it needs through agreed interfaces. The framework names data minimisation as a privacy-by-design principle.
    2. 04EligibilityStep · Service ownerThe agency applies its eligibility rules. Whether a person reviews the result is for the agency to set.
  3. 03 Rails

    1. 05PaymentStepWhere the service pays out, it uses a payment rail, for example an instant-payment system. The framework does not name payment systems.
  4. 04 Accountability

    1. 06Grievance redressStep · Service ownerThe framework asks for complaint, redress and appeal routes without reprisal, accessible to all during service delivery.
    2. 07Independent assessment and auditDecision · Service ownerThe framework asks for independent, transparent and continuous assessments or audits that review evidence and act on heightened risks.

Neutral outline of a published external standard or method, from its issuing body. Not a record of operation. Nexus does not perform, certify or approve any step shown. A gate or decision belongs to the party the source names. The sequence is a sketch, not a prescribed process. Each step is tied to the principle that bears on it, where one exists.

05Beyond the EU

The same ideas elsewhere.

The BCBS operational resilience principles, NIST Cybersecurity Framework 2.0 and national supervisory rules share the structure: know your important services, set tolerances, test against severe scenarios and manage third parties. Topic depth at operational resilience testing; cyber evidence at the Global Centre for Risk and Innovation (GCRI) cyber risk management.

06Release

Who sees a readiness file.

A file is released only at the programme owner's written direction, to a party the owner chooses, with no fee tied to any transaction.

07Sources

Where this page's references lead.

The bodies and documents this page is read against. Status and editions change; each link goes to the issuing body.

08Pages

Pages in Resilience and finance readiness.

09Questions

Questions and answers.

Does a readiness file mean finance is available?
No. It supports an independent review by the competent institution, which decides under its own rules.
Financial Cyber and Operational Resilience

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