IT GRC Forum

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European Banking Authority adds IT risk to 2015 agenda

April 16, 2015 - The European Banking Authority (EBA) today published its annual assessment of EU colleges of Supervisors, responsible for the oversight of cross border banks.

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Digital and core renewal to drive bank IT budget growth

April 15, 2015 - Global retail banking IT spend is set to reach $131 billion by the end of 2015, driven largely by investment in mobile and digital channels and core platform renewal, according to figures from analyst house Ovum.

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Iosco consults on business continuity plans for trading venues and intermediaries

April 7, 2015 - The International Organization of Securities Commissions (IOSCO) today published two consultation reports aimed at further enhancing the ability of financial markets and intermediaries to manage risks, withstand catastrophic events, and swiftly resume their services in the event of disruption.

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BofE rapped over crisis management failings in RTGS breakdown

March 25, 2015 - The Bank of England has been told it needs to improve contingency arrangements and strengthen its crisis management framework following an independent review of the ten-hour breakdown in the operation of the UK's high value payments system, Chaps, last year.

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Ecuador's Banco Pichincha selects MetricStream for cloud-based business continuity

December 10, 2014 - The largest private bank in Ecuador, Banco Pichincha, has selected MetricStream to provide a multi-lingual cloud-based solution for business continuity management (BCM).

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Hong Kong signs for Swift RTGS backup system

September 18, 2014 - Hong Kong Interbank Clearing Limited (HKICL) has signed up to deploy Swift's new Market Infrastructure Resiliency Service (MIRS), which provides a backup to the territory's real time gross settlement (RTGS) system in the event of a catastrophic breakdown.

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