Regulatory Wrap Episode #47: Learning from the CrowdStrike Outage
In Regulatory Wrap for the week to November 8, Jennie Clarke explores regulatory stances on operational resilience, especially in light of the CrowdStrike incident in July.
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.