Cyber Risk: How UK and EU Banks Will Navigate Incident Reporting Under EU DORA and New FCA Requirements

Cyber risk in the regulated financial services sector often crosses legal entities and geographies as banking groups typically share IT infrastructure and outsourcing arrangements. In March this year, the UK regulators (Bank of England, Prudential Regulation Authority and Financial Conduct Authority) published new rules on material operational incident reporting. These rules apply to all material operational incidents, not just those relating to cyber risk….
By: Mayer Brown