News & Analysis as of

Business Continuity Plans Banking Sector

Mitratech Holdings, Inc

[Webinar] Expert Perspectives: Implementing DORA, Mastering the Challenges and Opportunities - May 17th, 9:00 am ET

DORA is set to transform how European based Financial Institutions enhance the operational resilience of their critical business processes. With an implementation date of 17th January 2025 the evolving nature of the...more

Holland & Knight LLP

Is the Sky Really Falling? Acting Comptroller Proposes Key Questions for Banks on Climate Change

Holland & Knight LLP on

Canadian singer-songwriter Joni Mitchell lamented the toil of deforestation in 1970: "They took all the trees, put 'em in a tree museum/And they charged the people a dollar and a half just to see 'em." More than 50 years...more

Jones Day

Liquidity Decree Enacted: Measures Relevant for the Financial System and Italian Enterprises

Jones Day on

The Situation: The COVID-19 pandemic is having an impact on businesses across various sectors in Italy. The Action: Further to the Law Decree No. 18 of March 17, 2020 (the "Cura Italia Decree"), the Italian Government...more

Tucker Arensberg, P.C.

To Draw or Not To Draw: Using Your Company’s Line of Credit Prudently During the Pandemic

Tucker Arensberg, P.C. on

As the coronavirus pandemic continues to strain world commerce and cause historic volatility in the financial markets, many companies are rightly concerned about liquidity in their businesses and within their banks. Until...more

A&O Shearman

Planning in a Time of Pandemic: Considerations for Regulated Financial Institutions in the US, EU and UK

A&O Shearman on

The economic and operational stresses caused by the Novel Coronavirus (COVID-19) are highlighting the need for regulated financial institutions to formulate responses to address significant business disruptions (SBDs) and to...more

Pillsbury Winthrop Shaw Pittman LLP

COVID-19: Congress and Federal Regulators Tell Financial Institutions to Prepare for Coronavirus Changes

Legislators and agency leaders urge bankers to minimize adverse financial impacts on consumers affected by COVID-19 pandemic and ensure business continuity. - Federal financial regulators have recommended through a joint...more

Nutter McClennen & Fish LLP

Nutter Bank Report: Special Edition

The FFIEC recently issued updated guidance on actions that banks should take to minimize the potential adverse effects of a pandemic. The Interagency Statement on Pandemic Planning (“Interagency Statement”) released on March...more

Goodwin

Financial Services Weekly News: Financial Regulators Respond To Coronavirus Outbreak

Goodwin on

In This Issue. The ongoing global outbreak of the coronavirus (COVID-19) continues to grow in scale and scope, creating public health and humanitarian challenges worldwide. Global economies are also being impacted. Federal...more

Bradley Arant Boult Cummings LLP

Financial Services Licensing and Compliance Obligations and COVID-19

As members of the financial industry prepare to meet the challenges associated with COVID-19, key government agencies have begun to offer guidance with respect to how their regulated financial institutions, including...more

Jones Day

Bank Regulators Issue Joint Statement on Heightened Cybersecurity Risk - Financial institutions of all sizes should be prepared...

Jones Day on

In light of the increasingly heightened cybersecurity risk environment facing the financial services industry and other critical business sectors, on January 16, 2020, the Office of the Comptroller of the Currency and the...more

A&O Shearman

UK Regulators Launch Consultation on Operational Resilience in Financial Services

A&O Shearman on

The Bank of England, U.K. Prudential Regulation Authority and U.K. Financial Conduct Authority have published a shared policy summary and consultation papers on strengthening operational resilience in the financial services...more

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