Tag: EU

Cybersecurity

Digital Operational Resilience Act (EU)

Colin Henderson

The Digital Operational Resilience Act (DORA) (Regulation 2023/2554) establishes a comprehensive framework on digital operational resilience for EU financial entities. While all financial sector entities will be subject to DORA, ICT third-party providers who provide ICT services to financial entities and are identified as critical (critical third-party providers – CTPPs), will be subject to an EU oversight framework. The DORA oversight framework assigns to the three European Supervisory Authorities – ESAs (i.e. European Banking Authority – EBA , European Securities and Markets Authority – ESMA, European Insurance and Occupational Pension Authority – EIOPA) the role of Lead Overseer, to ensure … Continue reading Digital Operational Resilience Act (EU)

Security

Labour’s Election Victory Ends the UK’s First Bout of Populism 

Colin Henderson

Author: Jake Benford is Senior Project Manager on Bertelsmann Stiftung’s Europe‘s Future programme. The United Kingdom emerges from a long and hugely consequential period of centre-right populism with an exceptionally powerful centre-left Labour government. This bucks the European trends of either political stalemate or chaos, combined with a marked shift to the right. A moderate, Europe-facing government in Downing Street raises hope that British resilience and resurgence can bolster European unity in a geopolitical world. Yet barriers to reconnecting with the EU remain – and the surge of support for Reform, a populist protest party, is a reminder that British … Continue reading Labour’s Election Victory Ends the UK’s First Bout of Populism 

EU

Eurozone banks face $283bn writedowns| Report

Colin Henderson

Europe and the ECB are slow with dissemination of analysis and information when compared to the IMF, US and UK.  But when they do, here is 226 pages of analysis that tells us Euro Banks will write off $283 Bn over 2009/ 2010. More to come after I get a chance to digest, but meantime here it is for your reading pleasure.  They key is the general deterioration and reduction in forecasts since last in December 2008. ECB Financial Stability Review pdf The further significant deterioration of global macroeconomic conditions since the finalisation of the December 2008 Financial Stability Review … Continue reading Eurozone banks face $283bn writedowns| Report

Economy, Innovation

The Aftermath of Financial Crises | study

Colin Henderson

A short and useful paper offerring some points that help to frame the next few years for strategic planning purposes.  This to be read of course in the context of politicians preaching ‘road to recovery’ which leaves the uninformed with the view that we will get over this blip and back to normal. I prefer to think of this as a shift that will profoundly change things for the next few years, with some good and some not so good elements in that shift.  It may be good that the banking industry will be shaken up, and out of that … Continue reading The Aftermath of Financial Crises | study