- FCA fines RBS, NatWest and Ulster Bank Ltd £42 million for IT failures
News · 20 November 2014
The Financial Conduct Authority (FCA), in its first joint enforcement action with the Prudential Regulation Authority (PRA), has fined the RBS Group (including NatWest and Ulster Bank) £42 million…
- Cyber and Technology Resilience: Themes from cross-sector survey 2017-18
Survey · 27 November 2018
In 2018, the FCA published a comprehensive review of the UK financial sector’s digital infrastructure, based on a self-assessment survey of 296 firms. The report highlighted a critical tension: while…
- The FCA’s approach to Brexit: our preparations and our vision for the future
Speech · 18 July 2018
In her 2018 speech at Bloomberg, Nausicaa Delfas, the FCA’s Executive Director of International, outlined the regulator’s extensive preparations for the UK's withdrawal from the European Union. With…
- The Bank of England, PRA and FCA set out potential measures to oversee critical third parties in a move to increase resilience of the financial sector
News · 20 July 2022
In July 2022, the Bank of England, PRA, and FCA issued a joint Discussion Paper (DP3/22) outlining a new oversight regime for Critical Third Parties (CTPs). This initiative addressed the "systemic…
- Building operational resilience: impact tolerances for important business services
News · 5 December 2019
In December 2019, the Financial Conduct Authority (FCA), alongside the Bank of England and the Prudential Regulation Authority (PRA), introduced a landmark regulatory framework focused on…
- Cyber and technology resilience in UK financial services
Speech · 27 November 2018
In a 2018 speech at Bloomberg, Megan Butler, then Executive Director of Supervision at the FCA, provided a sobering assessment of the technological and cyber risks facing the UK financial sector.…
- The Bank of England, PRA and FCA set out potential measures to oversee critical third parties in a move to increase resilience of the financial sector
News · 20 July 2022
In 2022, the Bank of England, the PRA, and the FCA (the "supervisory authorities") launched a landmark initiative to address the systemic risks posed by Critical Third Parties (CTPs). While…
- The view from the regulator on Operational Resilience
Speech · 5 December 2019
In 2019, Megan Butler launched the landmark consultation that transformed "Operational Resilience" from a vague risk management concept into a mandatory regulatory outcome. She famously drew a…
- AI: Flipping the coin in financial services
Speech · 4 October 2023
In her October 2023 address, Jessica Rusu described a "pivotal moment" where the digital coin was still spinning in mid-air. She argued that the safe adoption of AI required connecting the dots…
- Our approach to cyber security in financial services firms
Speech · 20 September 2016
In 2016, Nausicaa Delfas described cyber risk as an "asymmetric threat"—one that is far easier to perpetrate than to defend against. At that time, the FCA was beginning to shift its focus from seeing…
- Cyber and technology resilience in UK financial services
Speech · 27 November 2018
In a 2018 address at Bloomberg, Megan Butler, the FCA’s Executive Director of Supervision, presented a candid assessment of the escalating technology and cyber risks facing the UK financial sector.…
- Operational resilience
News · 13 May 2017
The Financial Conduct Authority defines operational resilience as firms’ ability to prevent, adapt to, respond to, and recover from disruptions while maintaining critical services within defined…
- Principles for Sound Management of Operational Risk (PSMOR) - Executive Summary
Speech · 26 April 2023
The 2021 revisions to the Principles for the Sound Management of Operational Risk (PSMOR) emphasize a "tone from the top" governance structure, placing the primary responsibility for risk culture on…
- Group of Ten - Electronic Money - Consumer protection, law enforcement, supervisory and cross border issues
Report · 31 August 1997
G10 Other | 01 September 1997PDF full text (187kb) | 45 pagesSummary and conclusionsIn June 1996, the G-7 Heads of State called for a cooperative study to investigate the implications of recent…
- Jessica Chew Cheng Lian: Evolving governance, risk and control in the digital age
Speech · 9 December 2019
In her 2019 opening remarks at the Conference on Governance, Risk and Control, Bank Negara Malaysia (BNM) Deputy Governor Jessica Chew Cheng Lian addresses the "Age of Disruption," where central…
- Basel Committee issues principles for operational resilience and risk
Speech · 30 March 2021
The 2021 update by the Basel Committee on Banking Supervision (BCBS) introduced two landmark documents: the Principles for Operational Resilience and the Revised Principles for the Sound Management…
- Basel Committee consults on principles for the sound management of third-party risk
News · 8 July 2024
In July 2024, the Basel Committee on Banking Supervision (BCBS) issued a consultative document proposing 12 high-level Principles for the Sound Management of Third-Party Risk. This update marks a…
- Basel Committee releases consultative documents on principles for operational risk and operational resilience
News · 5 August 2020
In August 2020, the Basel Committee on Banking Supervision (BCBS) issued a landmark consultative document focused on enhancing the global banking sector's ability to withstand, adapt to, and recover…
- Steven Maijoor: Managing climate and environmental related risk - stepping up the pace
Speech · 8 February 2023
In his 2023 address, Steven Maijoor, Executive Director of the Netherlands Bank (DNB), identifies a critical paradox in the digital age: while financial institutions have morphed into "IT companies…
- Andreas Dombret: Sitting it out is not an option - what does digitalisation mean for Germany's banking sector?
Speech · 7 July 2015
In this insightful opening speech at the 19th Banking Symposium, Dr. Andreas Dombret addresses the profound digital transformation sweeping through the German banking sector, famously declaring that…
- François Villeroy de Galhau: Supervision of business practices
Speech · 20 November 2015
In this significant 2015 address, François Villeroy de Galhau, Governor of the Bank of France and Chairman of the ACPR, underscores the vital link between business practice supervision, financial…
- Mahesh Kumar Jain: Capacity building in the financial sector in the face of emerging challenges
Speech · 2 December 2022
In this landmark speech marking NIBSCOM's 50th anniversary, Deputy Governor Mahesh Kumar Jain reviews a "decade of challenges" for Indian banking, ranging from the Non-Performing Asset (NPA) crisis…
- The year 2000 - A challenge for financial institutions and bank supervisors
Standard or Guidance · 7 September 1997
This 1997 guidance, The Year 2000: A Challenge for Financial Institutions and Bank Supervisors, represents a landmark effort by the Basel Committee to address a purely technological risk that posed a…
- Statement drawing attention to the Year 2000 issue
News · 18 November 1997
This 1997 joint statement serves as a historical milestone in cross-sectoral regulatory cooperation, where the BCBS, IOSCO, and IAIS formed a united front to tackle the Year 2000 (Y2K) challenge. At…
Showing 121–144 of 167 resources.