124 résultats
pour « Résilience numérique »
The PRA’s proposals aim to enhance safety, soundness, and policyholder protection by collecting timely, accurate data on operational incidents. This data will improve monitoring, support industry feedback, and help address vulnerabilities and emerging risks, bolstering operational resilience across the sector.
This paper examines AI's transformative impact on banking and insurance, enhancing efficiency, risk management, and customer experience. It highlights generative AI's unique risks, such as hallucination, while existing frameworks address most AI risks. Key regulatory gaps include governance, model risk management, data governance, and oversight of non-traditional players and third-party providers.
This paper studies how to optimally protect electronic devices from cyberattacks. It uses mathematical models to understand the spread of attacks and determines the best times to apply protection measures. The researchers developed a complex mathematical framework to solve this problem and used numerical methods to illustrate the results. They found that the optimal protection strategy depends on the type of attack, with different strategies being effective for constant and random attacks.
“In its Opinion EIOPA is calling on the European Commission to take the necessary actions to avoid disproportionate compliance efforts from small insurance undertakings in the transition period prior to the application of the revised Solvency II Directive.”
"The first report on the state of cybersecurity in the Union provides EU policy makers with an evidence-based overview of the state of play of the cybersecurity landscape and capabilities in the EU. The report also provides policy recommendations to address identified shortcomings and increase the level of cybersecurity across the European Union. "
The UK introduced a new regulatory framework to manage risks from critical third-party providers (CTPs). CTPs must adhere to strict operational resilience requirements, including governance, risk management, and incident response. This framework aims to ensure the stability of the UK financial system by mitigating potential disruptions caused by CTP failures.
The ECB's 2024-2026 priorities for banks include enhancing resilience against economic and geopolitical shocks, improving governance, and advancing digital transformation. Key focuses are on credit risk management, internal governance, and cybersecurity to ensure stability amid rising uncertainties.
FinCEN (US Treasury Financial Crimes Enforcement Network) warns financial institutions about deepfakes, emphasizing the shift of compliance risks into operational threats affecting finances, operations, and reputation. Firms must adopt tools like metadata analysis and AI to detect fraud. Reframing compliance as operational risk management enhances resilience, aligning compliance with broader strategic and risk mitigation goals.
Cyber risk classifications often fail in out-of-sample forecasting despite their in-sample fit. Dynamic, impact-based classifiers outperform rigid, business-driven ones in predicting losses. Cyber risk types are better suited for modeling event frequency than severity, offering crucial insights for cyber insurance and risk management strategies.
The main vulnerability in data protection is ineffective risk management, often subjective and superficial. GDPR outlines what to achieve but not how, leading to inconsistent compliance. This paper advocates a quantitative approach for data protection, emphasizing analytics, quantitative risk analysis, and expert opinion calibration to enhance impact assessments.