FINMA (the Swiss Financial Market Supervisory Authority) has published ‘Operationelle Risiken und Resilienz – Banken’ a circular giving new guidance on operational risks and resilience for banks in the country.
Operational resilience is dependent not just on your own operations but on those of your service providers; and this needs to be reflected in your written contracts. Luke Scanlon and Yvonne Dunn from legal firm Pinsent Masons explore this area…
Scientists have discovered why some coronaviruses are more likely to cause severe disease, which has remained a mystery, until now. Researchers of the University of Bristol-led study, published in Science Advances , say their findings could lead to the development of a pan-coronavirus treatment
The Bank for International Settlements' Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) have jointly published an assessment of financial market infrastructures' (FMIs) cyber resilience.
The Bank of England has announced that it is looking at new protocols to help the Bank of England, PRA, and FCA gather operational resilience information for future policy development in this area.
The US Cybersecurity and Infrastructure Security Agency (CISA) has released an updated version of its Infrastructure Resilience Planning Framework (IRPF). First released in 2021, the IRPF helps organizations incorporate critical infrastructure resilience considerations into planning activities.
The US DHS has issued a National Terrorism Advisory System (NTAS) Bulletin regarding the continued heightened threat environment across the United States. Lone offenders and small groups motivated by a range of ideological beliefs and/or personal grievances continue to pose a ‘persistent and lethal threat
The European Council has formally adopted the Digital Operational Resilience Act (DORA), which aims to make sure the financial sector in Europe is able to stay resilient through a severe operational disruption. This is the final step in the legislative process.
The Bank of England, in partnership with the financial sector and the UK financial authorities (HM Treasury and Financial Conduct Authority), has undertaken a two-day UK market wide simulation exercise, SIMEX 22.
The entire Continuity Central website is scanned daily by Sucuri to ensure that no malware exists within the site. This means that you can browse with complete confidence.
Business continuity can be defined as 'the processes, procedures, decisions and activities to ensure that an organization can continue to function through an operational interruption'. Read more about the basics of business continuity here.
