What To Do When Things Go Wrong
Crisis Management
– Immediate response: Act swiftly during financial tumults.
– Stakeholder communication: Maintain transparent channels during crises.
– Strategic recovery: Chart out post-crisis recovery pathways.
– Disaster recovery.
– Risk containment: Isolate and manage crisis epicentres to prevent spread.
Managing Emergency Situations
– Rapid strategy formation: Whip up plans for unforeseen financial emergencies.
– Disaster recovery advice and planning.
– Business continuity assurance: Keep disruptions at a minimum during emergencies.
– Stakeholder engagement: Keep all involved parties informed and aligned.
– Post-emergency analysis: Reflect and learn post-event to bolster future readiness.
Managing Systemic and Idiosyncratic Stress
– Stress testing: Gauge financial system resilience under diverse stressors.
– Living wills and resolution planning.
– Mitigation plans: Draft plans to deflect or absorb systemic shocks.
– Scenario planning: Play out potential stress events and prep responses.
– Continuous monitoring: Stay alert to emerging stressors and adjust accordingly.
Dealing with Law Enforcement
– Legal liaison: Bridge the gap between businesses and enforcement agencies.
– Crisis communication: Craft precise responses during legal confrontations.
– Compliance demonstrations: Proactively showcase adherence to legal mandates.
– Collaborative investigations: Work alongside agencies during probes for smoother processes.
Dispute Management
– Resolution expertise: Navigate financial disputes with diplomacy and tact.
– Stakeholder management: Ensure all parties’ concerns are addressed.
– Proactive mediation: Step in early to prevent escalations and long-term consequences.
– Documentation & analysis: Provide clarity on dispute origins and resolutions.