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October 7, 2013 - All the major UK banks are set to take part in a large business continuity cyber-threat exercise next month. Called Operation Waking Shark 2, it is being implemented by a consultancy under the aegis of the Financial Conduct Authority (FCA), Bank of England (BoE) and UK Treasury, with the intention of testing UK FI sector's ability to survive a sustained online assault from cyber-criminals.

August 27, 2013 - The Securities and Exchange Commission's Office of Compliance Inspections and Examinations (OCIE) today issued a Risk Alert on business continuity and disaster recovery planning for investment advisers.

August 16, 2013 - The Securities and Exchange Commission today joined the Commodity Futures Trading Commission (CFTC)'s Division of Swap Dealer and Intermediary Oversight and the Financial Industry Regulatory Authority (FINRA) in issuing a staff advisory on business continuity and disaster recovery planning.

January 11, 2013 - A senior Lloyds executive is suing the British bank for £1 million in lost earnings, alleging that he was forced out of his crisis management post after blowing the whistle on "startling" failures in IT disaster recovery systems.

December 5, 2012 - European banks should not delay the implementation of Basel III purely on the basis that their counterparts in the US are doing so.

November 1, 2012 - As trading resumed in New York after a two-day Hurricane Sandy-inflicted pause, the effectiveness of Wall Street's back-up plans to deal with disasters was being called into question.

November 24, 2011 - Around a quarter of European financial sector companies saw their revenue hit and product development delayed thanks to data loss and systems downtime last year, according to a survey for EMC.

October 13, 2011 - The Securities and Exchange Commission today sanctioned two electronic stock exchanges and a broker-dealer owned by Direct Edge Holdings LLC for violations of U.S. securities laws arising out of weak internal controls that resulted in millions of dollars in trading losses and a systems outage.

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