The EU’s Digital Operational Resilience Act (DORA), due to be enforced in 2023/24, introduces EU-wide laws to ensure the operational resilience of the financial services industry. The proposal builds on current ICT risk management requirements and combines preexisting EU Read more

Third party errors have hit the operational flow of over eight in ten businesses (84 per cent), according to a pole of executive risk committees.

Impacts include operational disruptions, financial or reputational loss and increased scrutiny from regulars – Read more

Surveys are showing mixed messages over business confidence making it difficult to predict investment trends.

In the UK, for example, Lloyds bank said that business confidence was up by 23 per cent at the beginning of 2023. The jump Read more

Risk managers rated cyber risk and business interruption as the top risks facing their organisations in 2023, according to a survey by the insurer Allianz.

Almost neck and neck in its annual survey, the report said that the Read more

Compliance fines and regulatory lapses continued to bite financial services firms hard in 2022.  

The Financial Conduct Authority (FCA), the industry watchdog, posted over £215 million worth of fines on its website for 2022. Santander received the biggest Read more

The cost-of-living crisis has topped the World Economic Forum’s 2023 report – up from second place in 2023.

It was cited as the number one risk over the next two years followed by natural disasters and geoeconomic confrontation. Geopolitcal Read more

Businesses are out of step on biodiversity as the world sets landmark targets to address the issue.

Nations agreed to protect a third of the planet for nature by 2030 at December 2022’s COP15 UN biodiversity summit in Montreal, Read more