Our economy is digital and our most valuable assets are stored as a string of ones and zeros that can be accessed from anywhere. Our strategies, our secrets, our customers and our colleagues are, at this very moment, being threatened by not only well funded criminal syndicates but also by the vast resources of hostile nation states.
Looking for where to focus to ensure an effective outsourcing governance structure in your organisation?
A good place to start is in the FCA's General Outsourcing Requirements, contained in it's Handbook under "SYSC Senior Management Arrangements, Systems and Controls".
Our handy infographic covers a key checklist.
Enterprise-wide Vendor Risk Management, driven in part by regulatory provisions such as the oversight and control requirements for material outsourcing in Chapter 8.1 in the FCA handbook, now needs to ensure a holistic and consistent approach across the full breadth of an organisation.
The FIN-FSA has sent a supervisory letter outlining its findings of its thematic review regarding the organisation of the compliance functions of 96 supervised entities. The review identified a number of shortcomings.
The client had reorganised bringing the Information Security, Physical Security and Business Continuity departments into a single Global Group Security function and needed help creating a sustainable strategy.
The supervisory board had asked the bank’s management to assess its business continuity capabilities, specifically compared to best practice/
A middle-eastern bank with regulated operations in the UK, Europe and the Americas embarked upon an operational remediation programme in response to some significant regulatory findings.
Several companies are considering Business Process Outsourcing (BPO) again, or renegotiating their current contracts; if you fall into one of these groups, here’s what you should consider...
In the wake of the U.S. financial deregulation we investigate the historical aspects of deregulation versus a regulated Financial Services industry and preparedness during the transitionary period before new legislative enactment.
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