FSA writes to firms regarding IT Risk Management in the wake of recent failures
Today the FT is reporting that the FSA has written to the Chairman of the UK’s nine largest banks and building societies regarding the robustness of their IT Infrastructure and demanding the names of the individuals who will be held accountable for any IT failures.
The FSA’s actions are not surprising given the recent IT failures seen at RBS however it does raise yet another challenge for firms as they review their approach to IT Risk Management and seek the ways and means to incorporate ‘IT Risk Management’ into their wider Risk Management agenda.
In this blog post we set out how how the Stratex solution can assist firms to meet the challenge of driving forward their IT Risk Management framework, and importantly how this can be done as part of wider Enterprise Risk Management framework.
Tuesday, September 4, 2012 at 12:51PM | Editor | in FSA, IT Risk Management |
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