Stand the resilience test – OSFI adds to the operational resilience conversation
In line with measures other regulators have taken, OSFI released its final Guideline E-21 on operational risk and resilience, which outlines expectations for firms to prepare for and respond to disruptive events that could affect business operations.
Now you see it, now you don’t – How to overcome the compliance risks of ephemeral messages to meet DOJ guidance
The Department of Justice (DOJ) has made it clear that it expects organizations to have plans in place to manage the increased use of disappearing messages. We explore the compliance implications of ephemeral messaging and set out five key steps to both mitigate risk and meet DOJ obligations.
Down, not out – What happens when service providers go dark?
The recent CrowdStrike outage affecting over 8.5 million Microsoft Windows devices and causing worldwide disruption has raised questions around how firms can ensure their operational resilience can withstand critical service providers ‘going dark’.
Compliance & Conversation: Exploring DORA
On 3 July, 2024, we were joined by compliance and surveillance experts for our Compliance & Conversation event. Bradley Rice, Partner, Financial Services Regulation at Ashurst, explored the potential impacts of upcoming EU operational resilience legislation – DORA.
On Demand: Compliance & Conversation – Exploring DORA
Watch on-demand and learn what the EU's Digital Operational Resilience Act (DORA) means for the financial services space.
Regulatory Wrap Episode 30: The FCA’s Operational Resilience Insights
In Regulatory Wrap for the week to May 31, Jennie Clarke discusses the theme of operational resilience, specifically reviewing the focal points the FCA highlighted in its operational resilience insights.
FCA’s Operational Observations: are firms prepared for operational resilience deadline?
The Financial Conduct Authority has published its observations on how firms are preparing for new operational resilience rules coming into force in 2025, which acts as a guide of focus areas for firms.
Five developments to show why operational resilience should be on your radar
Operational resilience is an essential practice to remain protected in a landscape of intensifying cyber threats. Regulators have taken steps to demonstrate their increasing focus on this matter by implementing guidelines, frameworks, and direction to preserve security.
OCC to join regulatory rollout as it eyes operational risk requirements for banks
The OCC has announced that it is focusing on baseline operational resilience requirements for large banks with critical operations.
The Complete Guide: Digital Operational Resilience Act (DORA)
Unlock the complexities of the DORA with our comprehensive guide. Clarify regulatory requirements to navigate the data governance landscape.
OCC Semiannual Report Puts Banking Risks in Perspective
The Office of the Comptroller of the Currency’s report has highlighted the key areas of risk that banks need to manage to stay resilient and maintain confidence – and counseled against complacency.