Japan’s Financial Services Agency has assumed unprecedented direct oversight of Mizuho’s US$4.12 billion IT system, following a series of technical failures over the course of the year.
23 September 2021
The Prudential Regulation Authority has made changes to proposed regulations for international banks operating in the UK after consultation feedback urged against burdensome information requirements.
28 July 2021
FDIC chair Jelena McWilliams has highlighted banks’ outdated legacy systems as her “number one” concern about banking operations, shortly after the Basel Committee on Banking Supervision finalised its seven principles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
The UK’s financial regulators have announced new operational resilience measures, giving banks one year to implement their plans.
01 April 2021
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
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
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
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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