View source for Severe but Plausible Scenarios

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|'''1.''' Severe but [[Plausible Scenarios]] refer to situations that would result in high impact and significant disruptions, and while unlikely to occur, remain probable



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'''Severe but Plausible Scenarios''':

'''''Note (1)''''': is a hypothetical event used in operational resilience planning that disrupts critical business services in a significant way.

'''''Note (2)''''': are developed for the financial services industry to strengthen its [[Operational Resilience| operational resilience]], especially in its business services.

'''''Note (3)''''': include the consideration of previous actual incidents or “near misses” within the organisation, across the financial sector and in other sectors and jurisdictions to build these scenarios

'''''Note (4)''''': are expected to evolve as the organisation learns from the [[Scenario Testing| scenario testing]] process.

'''''Note (5)''''': are when the nature, scope, or scale of the event goes beyond pre-defined recovery measures and supporting assumptions


'''Related Terms''': [[Scenario Testing]], [[Plausible Scenarios]], [[Severe but Plausible Scenarios]], [[Impact Tolerance]] 
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