GRF Chosen by FDIC to Showcase Operational Resilience Framework

GRF and its team creating the multi-sector Operational Resilience Framework are pleased to have been selected by The Federal Deposit Insurance Corporation (FDIC) for its “tech sprint” to help identify solutions to measure and test operational resilience to major disruptions.

“We look to these six teams to develop consistent data and measures that all banks can use to assess their resilience to a major disruption,” said FDIC Chief Innovation Officer Sultan Meghji. “This work will lay the foundation for stakeholders to build and evaluate future efforts to promote greater resiliency in the banking sector.”

The GRF’s Operational Resilience Framework is being developed by a multi-sector group of practitioners to reduce operational risk, minimize service disruptions and limit systemic impacts from destructive attacks and adverse events. The framework will include rules and a reference architecture aligned to standards and existing vendor solutions to ensure the immutable and recoverable nature of data, systems, networks, applications and configurations.

GRF will join the FDIC lab, FDITECH, for its to-be-announced October demo day, to present the framework task force’s materials for applicability and effectiveness.

Read more from the FDIC: https://www.fdic.gov/news/press-releases/2021/pr21090.html

Please also consider joining GRF's Business Resilience Council and support our Operational Resilience Framework development efforts: https://www.grf.org/brc