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Institute of Risk Management: Risk Predictions for 2020 (Part 3)

Global conflict, bush fires, flooding and political unrest. These are just some of the key issues unearthed as a result of the Institute of Risk Management (IRM) asking its senior members what their risk predictions are for 2020. In Part 3 of Risk Xtra’s comprehensive round-up,...
Posted On 24 Feb 2020
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Testing Times: The CBEST Scheme and Simulated Cyber Attack Scenarios

CBEST is the Bank of England’s intelligence-led cyber adversary simulation framework, used for testing systemically critical financial organisations through simulated cyber attack scenarios based on real-world threats and risks. As Owen Wright explains, a CBEST exercise lasts...
Posted On 08 Jan 2020
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Bank of England, PRA and FCA look to bolster operational resilience in finance sector

The Bank of England, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) have published a shared policy summary and co-ordinated consultation papers on new requirements designed to strengthen operational resilience in the financial services sector....
Posted On 06 Dec 2019
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FCA and PRA jointly fine Raphaels Bank £1.89 million for outsourcing failures

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have jointly fined R. Raphael & Sons plc – the retail bank providing banking and related financial services – for failing to manage its outsourcing arrangements properly between...
Posted On 05 Jun 2019
The Financial Conduct Authority has published new rules on whistleblowing
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Financial Conduct Authority introduces new set of rules on whistleblowing

Alongside the Prudential Regulation Authority (PRA), the Financial Conduct Authority (FCA) has published new rules in relation to whistleblowing. These changes follow recommendations in 2013 by the Parliamentary Commission on Banking Standards that banks put in place mechanisms...
Posted On 13 Oct 2015