Global | Publikation | Oktober 2020
Financial institutions have had to deal with two challenges in the face of the COVID-19 pandemic. The first challenge is financial – how to address and mitigate the sharp drop in the value of financial assets or loss of liquidity. The second challenge is operational – how to address the risk of failure of resources and have clear, robust and dynamic plans in place to deliver consistent services to customers and other stakeholders.
Over the summer we carried out a survey exploring how financial institutions have been managing their operational resilience leading up to and during the pandemic. Broadly speaking, operational resilience refers to the ability of an organisation to rapidly adapt, recover and learn from a sudden shock to its normal operating environment.
We are pleased to share with you the findings of the survey, which cover the following areas:
If you have any questions, or if you would like to discuss the findings of the report, please do not hesitate to get in touch.
Publikation
Operational incidents show no signs of abating: in recent years, there have been a number of high profile cyber-attacks by third parties, as well as IT incidents such as those resulting from system updates and migrations.
Publikation
In our previous article we mentioned how the COVID-19 pandemic has exposed certain operational vulnerabilities in firms’ financial crime systems and controls.
Publikation
As the world begins to emerge from lockdown, businesses are having to make enormous adjustments because of the challenges created by COVID-19.
Publikation
The financial services sector as a whole, and more specifically the asset management sector, have had to react to the immediate issues brought about as a result of COVID-19 pandemic.
Publikation
This briefing considers how the UK’s proposed operational resilience regulatory framework will impact contractual relationships between regulated firms operating in the financial services sector and their service providers.
Publikation
Dienstverträge von GmbH-Geschäftsführern enthalten regelmäßig ein nachvertragliches Wettbewerbsverbot, für dessen Einhaltung in der Regel eine Karenzentschädigung vereinbart wird.
Publikation
Ein Aufsichtsratsmitglied, das durch sein wiederholtes Fernbleiben von Aufsichtsratssitzungen die Beschlussfähigkeit des Aufsichtsrats verhindert, kann aus wichtigem Grund gerichtlich abberufen werden.
Publikation
Mit der Entscheidung i.S. Illumina/Grail hat der EuGH für ein erhöhtes Maß an Planungssicherheit bei Transaktionen gesorgt. Im Kern entschied er, dass ein Mitgliedsstaat ohne eigene nationale Zuständigkeit für die Fusionskontrollprüfung eines Zusammenschlusses keine Verweisung dieser Prüfung an die EU-Kommission vornehmen kann.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023
