The 9/11 Legacy Foundation, an organization devoted to the significance of September 11, 2001, has launched and will be led by former White House chief of staff Andrew Card, former Secretary of Defense Leon Panetta, former Federal Reserve vice chairman Roger Ferguson, Jr., and retired Lieutenant Generals Patricia Horoho and Marc Sasseville. “The Foundation will… Read More >>
Broadridge Bolsters Solutions for DORA Compliance
Officials at Broadridge Financial Solutions say they are enhancing the provider’s international post-trade processing capabilities to help firms comply with the European Union’s Digital Operational Resilience Act (DORA), which requires firms to bolster their IT security and resilience when faced with operational disruptions. “The DORA compliance deadline is just three months away and the clock… Read More >>
Some Thoughts on Sept. 11, 2024
For many of us, September 11, 2001, is a day that resonates deeply within our hearts. Even though 23 years have passed, that day brings a rush of memories and emotions, reminding us of the importance of reflection and remembrance. We must never forget this event because it teaches us valuable lessons and helps us… Read More >>
Disaster Recovery & Resilience Are Part of Production: DTCC
A new white paper from the Depository Trust & Clearing Corp. (DTCC) is making the case that disaster recovery and resilience are becoming part of the real-time, production IT infrastructure at financial services firms rather than rare contingencies. The report, “The Power of Technology Resilience: A Framework for the Industry,” argues that while firms are… Read More >>
20 Years After That Horrible Day
It’s difficult for me to write about the terrorist attacks of 9/11 and always will be. But we must talk about the loved ones, the friends, and the acquaintances whose lives touched ours and whom we lost on that horrible Tuesday morning. To speak of them even when it’s hard is to honor them and… Read More >>
Industry Passes SIFMA-led Regulation SCI Tests
100 Firms & 80 Organizations Took Part in the SCI Tests The Securities Industry and Financial Markets Association (SIFMA) reports that it led “a successful business continuity test” on Saturday, Oct. 24, an annual effort mandated by the SEC’s Regulation Systems Compliance and Integrity (SCI). The industry-wide test was combined with a large-scale connectivity evaluation…. Read More >>
IT Disconnect With Business Threatens Recovery: Gartner
Chief information officers, or CIOs, who often drive digital business strategy and IT innovation for financial services firms, “must align with business leader priorities” to ensure a coordinated COVID-19 response and recovery, according to the summary of a recent report from Gartner, Inc. Automation and technologies to sustain and improve remote work are two investment… Read More >>
The Attack Upon the Pakistani Stock Exchange
We are hit every day with a seemingly endless flow of news stories about cataclysmic events. But a terrorist attack upon the Pakistan Stock Exchange (PSX) in Karachi on Monday, June 29, still shocked the world. By the time the attack was over, the four armed, separatist terrorists leading the attack were shot dead, according… Read More >>
Renaissance Investment Management Moves to the Cloud
Renaissance Investment Management, a registered investment advisor with $4.4 billion in assets under management has successfully moved to the cloud in a bid to improve its business continuity and disaster recovery (BC/DR) capabilities, improve application rollouts, security and system performance. The firm’s move to the cloud represents a move from vendor Indata’s Intelligent Portfolio Management… Read More >>
Disaster Recovery from 9/11, Hurricane Ike Helped BNY Survive Sandy
(Editor’s note: This is the second part (click here for part one) of an interview with Susan M. Vismor, head of global business continuity for BNY Mellon. This section of the Q&A focuses on the management and best practices issues that were tested by Hurricane Sandy, which devastated the East Coast and the Northeast of… Read More >>
