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Risk.net Heightened operational risks in a changing world The addition of employee wellbeing to the top 10 operational risks for 2021 reflects the heightened risk that has come with the surge of home-working during lockdown 09 Mar 2021 Print this page
Christoph Kurth, partner and member of the global financial institutions leadership team at Baker McKenzie, discusses the growth of conduct and operational risks in the light of the pandemic, including those caused by mass home-working, the enhanced technological ability to address them, and why we should design a new type of workplace culture or risk losing one altogether The financial crisis that began in 2007–08 ushered in a wave of regulation that is still being rolled out today. How can regulators best support financial firms this time around as they emerge into a post-pandemic ‘new normal’? ....
Risk.net The importance of getting technology change right 04 Mar 2021 Covid-19-propelled digitisation is increasing the number of technology change projects. Failed technology changes are more serious than other change management failures and they are likely to impact customers. Identifying why projects fail, continuing investment and change, using cloud technology and having robust governance arrangements are all vital to reducing the number of incidents and their impact. Having in place a robust IT or cyber risk incident response plan, including required third-party support, is essential to mitigate fallout from failed IT change management or other IT and cyber risk incidents. ....