The UK Bank of England, in conjunction with the Financial Conduct Authority, has formalised its position on operational incident and outsourcing third-party reporting, following a consultation with industry. Aligning policy aims with regulations, including the EU DORA. The final policy…
Bryan Foss the Bank of England, PRA and FCA have issues an update to UK FIs about the threat that cyber attacks pose UK institutions and effective practices in operational resilience self assessments of systemically important institutions. To add other…
The legal process following last weeks Baltimore ship incident starts in ernest. @Thaddeus Dziekanowski Brian D. McCarthy Veritas GRC #operationalresilience #insurance View Original Post
This weeks Baltimore shipping disaster could have unintended consequences for Protection and Indemnity Insurance (P&I), that could last for many years. The enclosed discusses the challenges that lie ahead for P&I insurance. With claims from previous incidents (Costa Concordia) exceeding…
Following last weeks speech by the Head of supervisory risk at the Bank of England. It is clear that the UK aims to follow the EUs DORA, for the supervision of UK FIs and ‘focus as they work towards March…
