Hong Kong signs for Swift RTGS backup system
September 18, 2014 - Hong Kong Interbank Clearing Limited (HKICL) has signed up to deploy Swift's new Market Infrastructure Resiliency Service (MIRS), which provides a backup to the territory's real time gross settlement (RTGS) system in the event of a catastrophic breakdown.
China's ICBC chooses IBM for disaster recovery
August 28, 2014 - Industrial and Commercial Bank of China (ICBC) has rolled out IBM's Active-Active mainframe technology to provide business continuity and disaster recovery for its global branches.
IT renewal set to accelerate as banks seek to restore profitability and address digitization, finds new Temenos / Deloitte study
May 8, 2014 - Temenos (SIX: TEMN), the market-leading provider of mission-critical solutions to the financial services industry, today announces the publication of its new paper "Restoring Profitability in the Digital Age", written jointly with Deloitte. The paper, which is an update to "Bridging the Profitability Gap", takes a fresh look at the banking industry and the trend in profitability.
Survey Reveals Concerns That Testing of Financial Services Infrastructure Is Inadequate
April 28, 2014 - As the technology infrastructure relied upon by financial services firms to carry out their day-to-day operations becomes increasingly complex, a survey* undertaken by SunGard Consulting Services has revealed concerns that the testing of these systems is insufficient to protect against failure.
GFG Group partners with Dbvisit Software for database disaster recovery solution
March 25, 2014 - International electronic payments software solutions company GFG Group and Dbvisit Software, the leading global provider of Oracle® disaster recovery for Standard Edition users, today announced a new partnership.
UK banks to test cyber-security defences in Waking Shark 2 continuity exercise
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.
SEC Issues Risk Alert on Investment Advisers’ Business Continuity and Disaster Recovery Planning
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.
Regulators Issue Joint Staff Review of Firms’ Business Continuity and Disaster Recovery Planning
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.
