Document background
The Operational Resilience Policy serves as a cornerstone document for organizations operating in Canada, providing a structured approach to maintaining critical operations during disruptions. This policy has become increasingly important due to growing cyber threats, technological dependencies, and regulatory focus on operational resilience. It is designed to comply with Canadian regulatory requirements, including OSFI guidelines and federal legislation, while incorporating industry best practices. The policy is particularly crucial for regulated entities and organizations providing essential services, helping them identify, protect against, respond to, and recover from operational disruptions. It includes comprehensive frameworks for risk assessment, control implementation, incident response, and recovery procedures, ensuring organizations can maintain their critical functions during adverse conditions. The document should be regularly reviewed and updated to reflect changes in the regulatory landscape and emerging operational risks.
