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.
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.
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.
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.
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.
Exploring the evolving role and scope of operational risk management in today’s dynamic landscape
In the past decade the financial industry has rapidly changed and evolved leading to enhanced risk management practices. Operational risk is no different, as new and emerging risks enter the market it is often the strength of people, processes and systems which can enhance effective mitigation and management, but also pose the risk.
ECB's Nouy Says EU Is Repeating Crisis Mistakes in Capital Rules
(Bloomberg) -- The European Union’s overhaul of bank capital rules show it’s forgetting some of the lessons of the financial crisis, according to Daniele Nouy, head of the European Central Bank’s supervisory arm.
BearingPoint and IBM forge RegTech partnership
Management and technology consultancy BearingPoint, which ranks among the leading providers of Regulatory and Risk Technology (RegTech/RiskTech), announced today that its RegTech product unit has formed a partnership with IBM Services for regulatory reporting.
