Critical system identification
The first stage of our process involves mapping the firm’s environment (clients, systems, and suppliers) and major internal stakeholders.
We perform the mapping with our clients using our tried and tested Trilayer Business Process Analysis™. It analyses the process on three levels: process execution, supporting data, and risk management. This way, we capture the potential impacts of disruptions in a broad spectrum of scenarios.
Based on these maps, the first FCA requirement can be met, namely the identification of important business processes. FCA defines such processes as ones that, “if disrupted, could cause intolerable harm to consumers of your firm or risk to market integrity, threaten the viability of firms or cause instability in the financial system”.