regulation

Cybersecurity, Regulation & Compliance

The Australian Council of Financial regulators has issued updated guidance for its Cyber Operational Resilience Intelligence-led Exercises framework.

The Australian Council of Financial regulators has issued updated guidance for its Cyber Operational Resilience Intelligence-led Exercises framework. To aid preparation and execution of regulator led operational resilience testing of Australian Financial institutions. Ted Dziekanowski #cybersecurity #cyberresilience #cyberriskmanagement #regulation #theaugustagroup…

Andy Watkin-Child
August 10, 2022

Cyber Risk Management, Governance & ESG, Regulation & Compliance

The SEC continues to implement its regulatory agenda.

The SEC continues to implement its regulatory agenda. Proposing rules to improve governance of clearing houses. The proposal aims to establish new governance requirements on board composition, independent directors, nominating committees, and risk management committees. The proposed rule would also…

Andy Watkin-Child
August 10, 2022

Cyber Risk Management, Cybersecurity, Regulation & Compliance

The SEC has had a cyber enforcement unit for 5 years, delivering $2billion in settlements.

The SEC has had a cyber enforcement unit for 5 years, delivering $2billion in settlements. It is in the process of expanding its enforcement team adding 20 staff. Including fraud analysts, investigative staff attorneys, trial counsels, and supervisors. One expects…

Andy Watkin-Child
August 6, 2022

Governance & ESG, Regulation & Compliance

A nice speech by the chair of the SEC on the merits of Sarbanes Oxley as it reaches its 20 year anniversary, I remember well building the SoX…

A nice speech by the chair of the SEC on the merits of Sarbanes Oxley as it reaches its 20 year anniversary, I remember well building the SoX program for a European bank way back in the days of the…

Andy Watkin-Child
July 28, 2022

Cybersecurity, Regulation & Compliance

A small action by the SEC, but one that adds to the pool of precedence.

A small action by the SEC, but one that adds to the pool of precedence. As it charges both JP Morgan, UBS and Tool station with failures of their identity theft programs under regulation S-ID. A minor financial infraction, charging…

Andy Watkin-Child
July 28, 2022

Cybersecurity, Governance & ESG, Regulation & Compliance

T- Mobile reported to the SEC that it has reached a settlement relating to a class Action Suite, following its 2021 cyber attack and data breach.

T- Mobile reported to the SEC that it has reached a settlement relating to a class Action Suite, following its 2021 cyber attack and data breach. Agreeing to pay $350Million to fund claims submitted by class members, the legal fees…

Andy Watkin-Child
July 26, 2022

Cybersecurity, Governance & ESG, Regulation & Compliance

The Federal Trade Commission (FTC) mission is a U.S agency with a role in the enforcement of civil U.S. antitrust law and the promotion of consumer…

The Federal Trade Commission (FTC) mission is a U.S agency with a role in the enforcement of civil U.S. antitrust law and the promotion of consumer protection. Taking a keen interest in cybersecurity products, services and consumer protection. The FTC…

Andy Watkin-Child
July 23, 2022

Cybersecurity, Governance & ESG, Regulation & Compliance

A nice update from the World Economic Forum (WEF), following up on their approach to cyber risk resilience.

A nice update from the World Economic Forum (WEF), following up on their approach to cyber risk resilience. Aligning with the regulatory approach proposed by U.S. and EU regulators for Cybersecurity Risk management. Regulations that set the requirements for Board…

Andy Watkin-Child
July 21, 2022

Cyber Insurance, Governance & ESG, Regulation & Compliance

Thank you for posting Jerry Leishman. It is a significant fine and will be impossible to pay, but sends a clear message that such failures will be…

Thank you for posting Jerry Leishman. It is a significant fine and will be impossible to pay, but sends a clear message that such failures will be progressed in court. For me a take away is that the board, new…

Andy Watkin-Child
July 21, 2022

Cryptocurrency & Digital Assets, Regulation & Compliance

The fall of crypto has had a knock on impact as exchanges lay off staff and cut back their operations.

The fall of crypto has had a knock on impact as exchanges lay off staff and cut back their operations. At a time when global regulators such as the SEC are starting to examine how crypto and exchanges should be…

Andy Watkin-Child
July 19, 2022

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