Topic: Operational resilience

Basel finalises resilience principles as FDIC chair points to legacy systems

FDIC chair Jelena McWilliams has highlighted banks’ outdated legacy systems as her “number one” concern about banking operations, shortly after the Basel Committee on Banking Supervision finalised its seven principles for operational resilience.

15 April 2021

UK banks given operational resilience deadline

The UK’s financial regulators have announced new operational resilience measures, giving banks one year to implement their plans.

01 April 2021

“The new normal”: Singapore addresses work-from-home risks

Last year’s shift to remote working in the covid-19 pandemic did not trigger “any significant increase in operational, fraud and cyber risks”, according to a new paper published by Singapore’s banking association and regulator, which outlines a range of new policies banks should adopt if the practice becomes “the new normal” post-pandemic.

03 March 2021

Stalled at the lights: meeting regulatory expectations for operational resilience

Don’t forget about the key capabilities needed to deliver operational resilience programmes successfully, writes Sundeep Gupta, a managing consultant at PA Consulting in London.

03 February 2021

Covid-19 prompting “institutional rethink” on operational resilience, report finds

Three US regulators have issued a list of “sound practices” banks should follow in operational resilience – as a new report from Norton Rose Fulbright suggests a drastic shift in preparedness for shocks over the course of the covid-19 pandemic.

05 November 2020

FSB finalises “more proportionate” cyber response toolkit

The Financial Stability Board has published a finalised cyber response toolkit, after critics said its earlier draft guide could prove to be a financial burden for smaller banks.

26 October 2020

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