Business Continuity

Lloyds' disaster recovery put to the test in employment tribunal case

January 11, 2013 - A senior Lloyds executive is suing the British bank for £1 million in lost earnings, alleging that he was forced out of his crisis management post after blowing the whistle on "startling" failures in IT disaster recovery systems.

Business Continuity

European banks 'should not delay Basel III'

December 5, 2012 - European banks should not delay the implementation of Basel III purely on the basis that their counterparts in the US are doing so.

Business Continuity

Sandy-hit Wall Street faces questions over contingency plans

November 1, 2012 - As trading resumed in New York after a two-day Hurricane Sandy-inflicted pause, the effectiveness of Wall Street's back-up plans to deal with disasters was being called into question.

Business Continuity

European finance firms not confident on disaster recovery

November 24, 2011 - Around a quarter of European financial sector companies saw their revenue hit and product development delayed thanks to data loss and systems downtime last year, according to a survey for EMC.

Business Continuity

SEC Sanctions Direct Edge Electronic Exchanges and Orders Remedial Measures to Strengthen Systems and Controls

October 13, 2011 - The Securities and Exchange Commission today sanctioned two electronic stock exchanges and a broker-dealer owned by Direct Edge Holdings LLC for violations of U.S. securities laws arising out of weak internal controls that resulted in millions of dollars in trading losses and a systems outage.

Business Continuity

2011 FinTech Top 25 Enterprise Technology Vendors Announced by IDC Financial Insights, American Banker and Bank Technology News

October 12, 2011 - American Banker and Bank Technology News, SourceMedia’s leading publications for banking and financial services professionals, and IDC Financial Insights, a leading provider of independent research and advisory services focusing on the business, technology and operational issues in financial services, today released the 2011 FinTech Top 25 Enterprise technology vendor rankings. This year marks the eighth year of the annual rankings.

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