Tag: operational resilience

As regulators tighten expectations on operational resilience, IT general controls (ITGC) are moving from back-office hygiene to board-level concern. These controls underpin the security,...

More than a year after the Digital Operational Resilience Act began to apply, many financial services firms are discovering that compliance is not a...

The Financial Conduct Authority (FCA) has released a set of good and poor practice observations on the use of artificial intelligence across financial services. According...

New Zealand’s two principal financial regulators, the Reserve Bank of New Zealand – Te Pūtea Matua (RBNZ) and the Financial Markets Authority – Te...

Simplification reads well in an annual report. Lower costs, quicker decisions, fewer systems and less friction all signal progress. Inside a global bank, however,...

Financial institutions that respond to shadow AI by blocking unapproved tools may be making their exposure worse, not better, according to John Denham of...

Financial institutions moving data workflows into the cloud may be creating new control problems, even as they solve old access issues. According to LSEG...

The European Banking Authority (EBA), the EU agency responsible for banking regulation and supervision, has released its final Guidelines on third-party risk management. The framework...

The FCA's move to simplify transaction reporting could create a different challenge for firms, with FinregE warning that fewer reporting fields could expose weaknesses...

Risk managers across New York, Chicago and San Francisco are discovering that Europe's operational resilience regime has quietly become their problem too. According to Risk...