Resilience
EU Proposal Takes Aim at Major Cloud Providers
Jo writes that the EU’s new digital package could find large cloud providers operating in the bloc subject to potentially invasive oversight, as the EU strives for “data sovereignty”.
Broker Tradition Shifts to Virtual Desktops
The company is considering a full move to virtual-working solutions after investing in remote access for brokers and other staff during the Covid-19 pandemic..
Hacking Threats Growing in Work-From-Home Era, Fear CISOs
Covid-enforced remote working creates new threats and vulnerabilities for bad actors to exploit, say cyber experts
Trading Venues Face Resilience Test in Covid-19 Pandemic
Software testing and monitoring keeps market infrastructure a step ahead amid market volatility.
UBS Head of Tech: How Virtual Desktops Keep Workers Plugged in During the Pandemic
The Swiss bank’s A3 system offers a blueprint for remote working as the industry looks to life beyond coronavirus.
Esma Guidelines Call for Full Audits of Cloud Providers
The regulator is consulting on outsourcing contract guidance that would give firms and supervisors access to the books and premises of providers.
Banks Grapple with VPN Capacity Amid Covid-Induced Network Strain
Private network limitations and variable internet connectivity have challenged operational resiliency and business continuity plans.
FCA and BoE: Evaluate Your Third Parties
Consultation on new rules is set to close on April 3, but regulators are reviewing deadlines as firms are under pressure due to the coronavirus.
Vendors Feel Heat as Regulators Pile Pressure on Third-Party Resiliency
UK regulators have proposed new laws to clamp down on operational resilience and third-party risk, pushing fintechs to put some skin in the game.
TD Securities Eyes Data on Internal ‘Hydra’ Risk Middleware in 2020
The firm sees benefits of making data available on the platform, which already hosts risk and P&L functions, as well as settlement and reporting applications.
Robo-raters Help Banks Vet Vendors for Cyber Risk
These specialists are touting services for monitoring third parties amid tougher rules on outsourcing risk.
The Future of Cloud Regulation: The Authorities Take Notice
A look at how regulators could approach supervising public cloud companies in the future.
Firms Struggle with SM&CR Compliance and Preparations
As all FCA-regulated firms will fall into scope of the Senior Managers and Certification Regime by the end of the year, concerns emerge on how to implement the regulation.
Bank of England’s Ambitious Look at Regulatory Reporting
As the regulator looks at new ways to handle data, there are still a lot of paths to consider.
Acquisitive Exchanges Find Dealmaking is Only Half the Battle
While the large-scale exchange mergers of yesteryear may be over for now, regional bourses are still finding themselves in the M&A crosshairs. Yet for those operators that pick up smaller rivals, technology and data integration often prove to be trickier…
Banks Forge Cloud Agreements to Split Accountability
Banks are trying to split responsibility for their operating environments with the major cloud providers. Regulators are having none of it.
Safe as Houses
If you want the definition of a circular argument, talk to anyone involved with clearing about resilience and recovery. But more pernicious risks remain unaddressed.
FCA: Bad Tech Leads to Cyberattacks
UK regulator warns of firms' inability to manage system failures and cyber attacks as reports in incidents are on the rise.
VMware Taps Equinix for Private Connectivity
The integration enables VMware's clients to tap into its services on Amazon's cloud using a private connection at multiple global locations.
Code Red: Trading Firms Turn to AI for System Stability
As IT systems are buckling under the pressure of modern day trading volumes and regulatory requirements, some firms are turning to AI to predict and minimize outages.
Europe Unveils Fintech Action Plan
European Commission seeks to build EU fintech lab, promote blockchain and review rules in light of emerging tech.
Nasdaq Rolls Out SIP Feed Resiliency, Latency Improvements
The moves are designed to make the SIP's infrastructure more robust and lessen the chance of any market-wide impact from technical issues.
SIX, Bloomberg Bring Redundancy Feed Adapter to Japan
The move brings enhanced failover capabilities between the vendors' feeds to clients in the region.