Business Continuity News

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 initiatives into a single regulation. This means along with other actions; organisations’ ICT risk management frameworks must be periodically evaluated to identify any deficiencies or gaps. ...

Covid-19 serves as a reminder of the unpredictable events that institutions are required to navigate, exposing a lack of operational resiliency and business continuity planning across the sector. As a result, in March 2021, the Financial Conduct Authority (FCA) put forward proposed changes to how firms approach their operational resilience in an attempt to mitigate the negative impacts of similar disruptions in the future. With ...