02 September 2014

All risk & regulation news

Nearly two thirds of UK financial services firms consider cloud computing very or somewhat critical to their enterprise IT strategy but security and regulatory concerns about the technology persist, according to research from Finextra.

Industrial and Commercial Bank of China (ICBC) has rolled out IBM's Active-Active mainframe technology to provide business continuity and disaster recovery for its global branches.

The European Central Bank has named four key payment systems - Target2, Euro1, Step2-T and Core(Fr) - as "systemically important", and so subject to new regulations.

Credit and financial management service Credit Karma has been ordered to beef up its security after a US watchdog found that its mobile app left users' sensitive personal information vulnerable.

PricewaterhouseCoopers has been fined $25 million by New York State's financial watchdog after it sanitised a report for regulators into anti-money laundering at Bank of Tokyo-Mitsubishi UFJ (BTMU).

Deutsche Bank has raided Goldman Sachs and Royal Bank of Scotland to bring in two senior technology and operations executives.

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