Nasdaq Stockholm and Nasdaq Clearing carpeted over cyber risk management
Nasdaq Stockholm and its derivatives clearing operation have been hit with a Skr55 million fine by Swedish regulatory authorities for serious deficiencies in the management of cyber risks.
Dimension Data Publishes IT Predictions for 2017
Dimension Data, the global ICT solutions and services provider, today published its top IT predictions for 2017, and the focus on digital is set to remain the key trend in the industry for the next 12 months.
Cyber risk beats out Donald Trump as FS industry's top concern
Cyber risk is seen as a bigger risk to the global financial system than a Donald Trump presidency or Brexit, according to a Depository Trust & Clearing Corporation (DTCC) survey.
Banks and brokers failing to deal with regulatory overload
Bankers, brokers and traders are not prepared to address the risks posed by the combination of regulatory pressures worldwide and technological advancements that are disrupting their industries, according to a new global survey published by FIS™ (NYSE: FIS) a global leader in financial services technology.
Securities Commission Malaysia issues new cyber resilience guidelines
Securities Commission Malaysia (SC) today issued new guidelines to enhance cyber resilience of the capital market by requiring capital market entities to establish and implement effective governance measures to counter cyber risk and protect investors.
IT spending in mature Apac financial markets to hit $19.1 billion in 2017 - Gartner
IT spending by banking and securities firms in the mature Asia/Pacific region will reach $19.1 billion dollars in 2017, an increase of 4.7 percent from 2016, according to Gartner, Inc.
InteDelta announces partnership with Risk Enterprise to provide rating models for IFRS 9 and Basel compliance
InteDelta, a risk management consultancy and Risk Enterprise, a consultancy and vendor of rating model technology, announce a partnership to provide banks with advisory and rating models for IFRS 9 and Basel compliance.
Marketplace lending and distributed ledgers pose threats to financial stability - FSOC
The Financial Stability Oversight Council (FSOC) has zoned in on marketplace lending and distributed ledger technology as emerging threats to the safe operation of financial markets.
