Document background
The Operational Resilience Policy is developed in response to increasing regulatory focus on organizational resilience and the growing complexity of operational risks in the Malaysian business environment. This document becomes necessary when organizations need to establish a structured approach to maintaining critical operations during disruptions, comply with regulatory requirements, and ensure sustainable business operations. The policy incorporates requirements from Bank Negara Malaysia's guidelines, particularly RMiT and Business Continuity Management frameworks, while addressing modern challenges such as cybersecurity threats, third-party risks, and technology dependencies. It serves as a comprehensive guide for organizations to build, maintain, and demonstrate operational resilience capabilities, providing clear governance structures, risk management frameworks, and implementation guidelines tailored to the Malaysian regulatory context.
