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PRA extends deadline for EBA outsourcing guidelines remediation due to COVID-19

United Kingdom - April 7 2021 Following the PRA's December 2019 consultation on operational resilience and outsourcing (CP30/19) (see article here), on 29 March 2021: the PRA…

Michael Wainwright.

Regulators publish consultation papers on “operational resilience” and outsourcing

European Union, United Kingdom - December 16 2019 Following a number of high-profile IT failures and data breaches in the financial services sector, a key priority for the Bank of England, Prudential…

Michael Wainwright.

Cyber insurance: What is it good for?

Global, USA - October 16 2019 Cyber insurance is a relatively new area for both companies and insurers. In the past, it has suffered from a lack of understanding. In a 2016 PwC…

Regulators give evidence on IT and systems failures

United Kingdom - August 12 2019 Representatives of the Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) and the Bank of England recently gave evidence to the…

Celyn Armstrong, Craig Neilson, Jonathan Garforth, Katharine Harle.

Operational resilience: the FCA's review of business continuity planning

United Kingdom - August 1 2019 The FCA has published its findings from a recent review of business continuity planning (BCP) among small and medium-sized retail banks, payments…

Andy Lucas, Craig Neilson, Jonathan Garforth.