Bank of England frets over stability of Big Tech cloud providers
The Bank of England is warning that additional policy measures may be required to mitigate financial stability risks from the growing concentration of power in the hands of global cloud providers.
Consumer interest in cryptocurrencies grows as understanding of risks declines
New research from the UK's Financial Conduct Authority has found that excitement about the rising valuations attached to cryptocurrencies has firmly penetrated the retail consumer market.
Shawbrook Bank names first director of COO risk and operational resiliency
Source: Shawbrook Bank
Shawbrook Bank has appointed its first Director for COO Risk and Operational Resiliency as it further strengthens its central Chief Operating Office structure.
Blockchain Association Singapore and Elliptic to roll out a Digital Asset Compliance Certification
Source: Blockchain Association Singapore
Global FinTech Institute (GFI), Singapore- based global professional credentialing body for FinTech professionals, Blockchain Association Singapore (BAS), the leading industry association for Digital Asset and Enterprise Blockchain, and Elliptic Singapore Private Limited (Elliptic), a leading provider of Digital Asset Risk Management Solutions for Digital Asset businesses and financial institutions, today announced it has inked a Memorandum of Understanding to roll out a Digital Asset Compliance Certification at a virtual event earlier today.
Basel Committee issues principles for operational resilience and risk
Source: Bank for International Settlements
The Basel Committee on Banking Supervision today issued Principles for operational resilience, which aim to make banks better able to withstand, adapt to and recover from severe adverse events.
Refinitiv adds cybersecurity and company credit risk ratings to due diligence reports
Source: Refinitiv
Refinitiv is further expanding the scope of its data-driven due diligence reports with the addition of cybersecurity and company credit risk ratings from BitSight and Creditsafe.
FSB highlights risks arising from bank outsourcing and third party relationships
The Financial Stability Board is attempting to develop a co-ordinated regulatory approach to the risks arising from bank outsourcing and third party relationships.
ECB blames third-party network device for Target2 collapse
The European Central bank has blamed a software defect at a third party technology provider for an outage that downed the Target2 settlement system for almost 11 hours on Friday.
