Risk Management
ESRB warns cyber threats pose systemic risk
The possibility of a serious cyber incident poses a systemic risk to the financial system, with serious consequences for the real economy, warns a report from the European Systemic Risk Board (ESRB).
Financial infrastructures join forces to combat cyber-threats
Central banks, clearing houses, stock exchanges, payment system providers and law enforcement agencies across Europe have joined forces on a cybercrime information sharing programme.
ProcessUnity Scores Highest in Gartner Review of IT Vendor Risk Management Software
In the newly published 2019 Critical Capabilities for IT Vendor Risk Management Tools, Gartner has given ProcessUnity the highest scores for two Vendor Risk Management use cases most requested by Gartner clients.
Drawbridge Partners unveils automated cybersecurity management platform
Drawbridge Partners, a premier cybersecurity services firm specializing in the needs of hedge fund and private equity managers, today announced the launch of DrawbridgeConnect, an automated management platform which allows firms the ability to manage all aspects of their cybersecurity program.
Financial infrastructures join forces to combat cyber-threats
Central banks, clearing houses, stock exchanges, payment system providers and law enforcement agencies across Europe have joined forces on a cybercrime information sharing programme.
OCC lists cyber threats and emerging technologies in risk outlook
The Office of the Comptroller of the Currency (OCC) today reported operational, credit, and interest rate risks are among the key themes for the federal banking system in its Semiannual Risk Perspective for Fall 2019.
Twelve US banks join Know-Your-Vendor data hub
Twelve regional US banks have joined KY3P, a cloud-based network for assessing and monitoring third party vendor risk.
FCA flags regulatory gaps and IT outages as key areas of focus
In its annual Sector Views report, the UK's Financial Conduct Authority warns of the growing risks to consumers in the retail banking and payments sector, as regulatory protection struggles to keep pace with technology-driven innovation and incumbents grapple with legacy limitations.
Financial firms struggling to assess risks of disruptive technologies - Accenture
The majority of UK financial firms do not believe they can adequately assess the risks of disruptive technologies, as technology advancements move faster than the skills of their risk managers, according to a new report by Accenture.
Esma issues favourable report on RegTech developments
The European Securities and Markets Authority (ESMA) has carried out an analysis of the regulatory and supervisory technologies currently being developed in response to various demand and supply drivers.
Canada puts security at top of open banking review
Canada's government is pushing ahead with a second phase of its open banking review, focusing on security issues surrounding the sharing of financial data with third parties.
MAS: IT supply chains are weak link in bank cyber defences
The Monetary Authority of Singapore has identified IT supply chains as a critical weakness in the cyber defences of major banks.
The central bank's Cyber Security Advisory Panel (CSAP) notes the growing frequency of attacks on IT supply chains as a means to circumvent the cybersecurity walls erected by banking institutions.
European Commission welcomes agreement on more robust supervision of central counterparties
The Commission welcomes the political agreement reached today by the European Parliament and EU Member States to ensure a more robust and effective supervision of central counterparties (CCPs) offering services to the EU.