£80k fine for Chief Information Officer who mismanaged IT migration
The Prudential Regulation Authority has fined the former Chief Information Officer of TSB £81,620 for his role in the mismanagement of a 2018 IT migration which saw hundreds of customers unable to access funds.
Digital Resilience in the US: SEC amendments follow EU counterparts
The U.S. SEC has published proposed amendments that will expand and update Regulation SCI to focus more on the evolving landscape of digital resilience.
Increased scrutiny for outsourcing: an overview of regulatory directives
As financial services rely more on outsourcing, regulators are acting - fast. We take stock of new and emerging regulatory requirements when outsourcing.
Are your third parties operationally resilient? Key considerations for UK firms
As third-party vendors slowly become the backbone of the operation of financial services, there’s increasing focus on the operational resilience of those third parties. We set out 5 considerations that should be top of mind.
Helpful lessons from TSB’s £48m operational resilience fine
There's hidden gold in all enforcements. We take a look at regulatory lessons in light of a £48m fine for operational resilience failures.