Growing dependency of financial firms on outsourced technology providers prompts review of how contracts and contingent risks are managed. Singapore regulator stresses the importance of protecting customer data in the cloud, but scraps reporting requirement. SmartBear and Cognizant announce strategic partnership, technology firm releases new security tool and more. UK regulator publishes outsourcing guidance and advice on dark pools. Businesses lost $2.3 billion from 2013 to 2016 because of email fraud, says US regulator. SEC approves more stringent rules for clock synchronisation At the recent QA Financial Forum, George Mackintosh, CEO, TestPlant (pictured) was asked how a bank can justify the cost of buying proprietary off-the-shelf testing tools... Coding error caused CGMI to omit blue sheet reports for trades, and failed to produce data for “many years”, leading to record fine.
Recent News
New York Fed to set new expectations for IT risk management by banks
MAS updates outsourcing requirements
Round-up: Company News
FCA gives green light to the cloud
OCC warns of heightened operational risk threats
Round-up: Regulatory and Company News
Opinion: Off-the-Shelf vs Open Source: “Meeting the productivity challenge”
SEC fines Citigroup broker-dealer $7 million for trade reporting software fault
