SHWE Bank’s Post

When a global bank encountered an unexpected business continuity challenge, they promptly found a dependable solution in our work area recovery service! Learn more about how we assisted this bank amidst a sudden closure announcement by clicking the link: https://okt.to/Z7rslT #OperationalResilience #WorkareaRecovery #BusinessContinuity

In the third edition of the Resolvability Assessment Report, published on 9th July 24, the Single Resolution Board (SRB) concludes that: - All banks which had to comply with their final (MREL) targets as of 1 January 2024 managed to meet their requirements (both external and internal). - For banks with longer transition periods the remaining external MREL shortfall equals EUR 6 bln, compared to MREL instruments global amount of 2,555 bn EUR. 📈 Compared to end of 2022, the SRB has observed significant progress from banks in three prioritised capabilities: ✅ Estimation of liquidity needs both under slow and fast-moving outflow scenarios in the resolution ✅ Extended identification of assets that can serve as collaterals for obtaining funding during and after resolution. Going beyond Central Bank eligible collaterals. ✅ Enhanced capabilities to generate the datasets for resolution planning, valuation, applying bail-in and preparation for a sale-of-business and the restructuring post bail-in. As a result, the SRB is shifting its focus to the operational readiness of banks for crisis management. 💡 The important message coming from the Resolvability Assessment Report is that as of next year, the SRM will open a new chapter of its resolvability assessment based on a revised methodology (Heatmap) and the systematic testing of banks’ capabilities. This new approach to assessing resolvability will be more risk-based. It is aimed to capture emerging risks and reflect lessons learnt from past crises in the resolvability assessment framework. Testing will rely on standard templates for all banks to enhance transparency, but also multi-annual testing programme specifically defined for each bank. The criteria for resolvability assessment and the guidance on testing will undergo public consultation.

Resilience in the Securities Services sector is more than just business continuity. As I review the relevant guidance from the Basal Committee on Banking Supervision which tend to be applied to individual banks, it’s is worth noting that operational resilience has been defined as the “ability to deliver critical operations through disruption “. As I review the 1st half of this year, it is interesting to note some changes across the African capital market that have caused a disruption but the African capital market players continue to be resilient in every aspect. #Capitalmarket #securityservices #Stock-exchanges

When a global bank faced a sudden business continuity challenge, they found a swift, reliable solution in our work area recovery service! Amidst their provider’s sudden closure announcement, panic loomed. Like every financial organisation, the importance of maintaining business continuity is not only vital for its customers but can have larger economic and legislative implications. Trust Daisy for solutions that keep your business moving forward, no matter what. Interested in finding out more? Click the link to see how we helped this global bank - https://okt.to/loSen5 #OperationalResilience #WorkareaRecovery #BusinessContinuity

Since joining The World Bank a year ago to work on conflict sensitivity, risk management and stabilization, I have strived to better understand the Bank’s tools to stay engaged in Fragility, Conflict and Violence contexts. With this training, I have learned so much about the Bank’ strategies, operational policies, financing modalities, analyses and diagnostics, partnership frameworks, design procedures, implementation arrangements, and risk-rating tools to operate in #FCV environments. The motto is #stayengaged, let’s also strive for more investment in conflict prevention! #worldbankgroup #worldbank #fragility

In banking, a proactive approach to natural disasters is not just wise, it's essential. Banks must have plans in place to continue operations in the event of #NaturalDisasters and other major disruptions. Pinkerton Risk Pulse provides detailed, localized risk profiles for 14 natural disasters and #Wildfires, helping banks to understand their risks and ensure compliance with regulatory standards for disaster preparedness. Risk Pulse can help you add to your crisis management strategy to uphold customer confidence and secure your operations → https://pnk.tn/riskpulse #BankingResilience #RiskPulse #OperationalIntegrity #Compliance #DisasterPreparedness #FinancialInstitutions #RiskAssessments #RiskMitigation #Threats #BusinessContinuity

🚀 Thrilled to share the electrifying buzz from our recent session on Business Continuity Management (BCM) and Health, Safety, and Environment (HSE) for MCB Bank Limited Branch Services Managers - North! 🌟 Despite the virtual setting, our team's energy was electrifying as we delved into essential strategies and practices to ensure the safety and resilience of our branches. From interactive discussions to real-life case studies, it was an immersive learning experience that left everyone charged-up and ready to take on new challenges! At MCB Bank, we're not just about banking—rather it's about empowerment, innovation, and making a real impact. Stay tuned as we continue to lead the way in operational excellence! #MCBBank #BusinessContinuity #HealthSafetyEnvironment #TeamEmpowerment #Innovation #VirtualLearning

A story from our 2023 Banking Summit has been on my mind lately. An executive from a Gulf-region bank shared how, during a major storm, their main focus wasn’t managing their loan portfolios or credit risk, it was the people. They used real-time storm data to get water and gasoline to the hardest-hit areas, making sure branches stayed open for those who needed help the most. This is a powerful reminder of the critical role banks play during a crisis. Yes, risk management is key, but at the heart of it, banks are lifelines for communities when it really counts. RMS data can help with traditional risk management, but it’s the broader picture, supporting people, that we can never lose sight of. Check out our latest data story for more insights: https://lnkd.in/e83NzzkS #HurricaneMilton #Banking #DisasterRelief #CommunitySupport

When a global bank faced a sudden business continuity challenge, they found a swift, reliable solution in our work area recovery service! Amidst their provider’s sudden closure announcement, panic loomed. Like every financial organisation, the importance of maintaining business continuity is not only vital for its customers but can have larger economic and legislative implications. Trust Daisy for solutions that keep your business moving forward, no matter what. Interested in finding out more? Click the link to see how we helped this global bank - https://lnkd.in/dUyix5ex #OperationalResilience #WorkareaRecovery #BusinessContinuity 

This week's news roundup covers regional bank earnings, operational risk management, payments fraud, M&A, and a sausage-dispensing ATM machine. Click here to read, and have a wonderful week: https://lnkd.in/eCbvVJTE