FINMA Circular 2023/1 is transforming operational resilience from a compliance exercise into a strategic leadership priority for Swiss banks. In this episode, Luigi Ferri explains why ITIL 4 is far more than ITSM, it is a powerful enterprise operating model that connects governance, cybersecurity, risk management, supplier coordination, and business continuity to build truly resilient financial institutions.

In this episode, we answer to:

Why is operational resilience becoming the new license to operate for banks?

How does ITIL 4 support FINMA resilience and cybersecurity requirements?

What organizational silos are preventing true enterprise resilience?

Resources Mentioned in this Episode:

Finma website, Circular 2023/1 Operational risks and resilience for banks, link https://www.finma.ch/en/~/media/finma/dokumente/dokumentencenter/myfinma/rundschreiben/finma-rs-2023-01-20221207.pdf

Finma website, article "FINMA publishes Circular “Operational risks and resilience – banks”, link https://www.finma.ch/en/news/2022/12/20221213-mm-anh-rs-op-risks/

KPMG website, article "FINMA Circular 2023/1", link https://assets.kpmg.com/content/dam/kpmgsites/ch/pdf/finma-circular-2023.pdf.coredownload.inline.pdf

InfoGuard website, article "FINMA Circular 2023/1 Checklist - Ready for a regulatory audit?", link https://www.infoguard.ch/hubfs/images/blog/24/InfoGuard-FINMA-Checkliste_EN.pdf

Manage Engine website, article "The ITIL 4 Service Value System", link https://www.manageengine.com/products/service-desk/itsm/itil-4-service-value-system.html

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Credits:

Sound engineering by Alan Southgate - http://alsouthgate.co.uk/

Graphics by Yulia Kolodyazhnaya