This UK National Audit Office report reveals the UK is far behind its 2025 cybersecurity goals. Significant IT system vulnerabilities, high vacancy rates in cyber roles, and recent attacks on public bodies highlight the urgent need for a cross-government plan, legacy system upgrades, and improved cyber skills. Meeting targets by 2030 is considered ambitious.
« L’AMF présente dans ce document ses priorités d’action et de supervision pour 2025. Il dresse également le bilan des actions qu’elle a menées en 2024, première année pleine de mise en œuvre de ses orientations stratégiques adoptées en 2023, Impact 2027. »
« L'AMF présente dans ce document ses priorités de supervision des professionnels soumis à son contrôle pour 2025. Ces priorités couvrent trois domaines : la gestion d’actifs, les activités des intermédiaires et des infrastructures de marché, et la commercialisation de produits financiers. »
The ESAs report explores centralizing ICT incident reporting for the financial sector under DORA. Three models are considered: baseline, enhanced sharing, and full centralization. The report, developed with input from various stakeholders, aims to inform future decisions on incident reporting centralization.
The SRB updated its operational continuity in resolution (OCIR) guidance. It clarifies expectations for banks on service identification, risk assessment, and mitigation measures like resilient contracts and robust IT systems. The revisions align with recent frameworks like DORA and EBA guidelines. Minor additions will be applied from the 2026 resolution planning cycle, pending further regulatory developments.
The PRA's 2025 priorities for UK international banks emphasize robust governance, risk management, and controls. Key areas include risk management frameworks, data accuracy for regulatory returns, financial and operational resilience (especially with the March 2025 deadline), and continued assessment of Basel 3.1 implications despite implementation delays.
“As the latest climate-related crisis unfolds in Los Angeles, Treasury releases most comprehensive data on homeowners insurance in history, along with report detailing higher costs to homeowners and insurers of elevated climate perils.”
“We argue that cyber and other financial shocks cannot be treated as uncorrelated vulnerabilities and policy solutions for cyber vulnerability need to be calibrated for adverse financial conditions.”
The Global Cybersecurity Outlook 2025 reveals escalating cyber risks due to geopolitical tensions, technological advancements, and supply chain vulnerabilities. Over 50% of organizations cite supply chain risks as their top concern. Experts stress updating technology, redefining risk management, and fostering collaboration to address growing cybercrime, AI threats, and regulatory challenges.
The PRA's new policy on solvent exit planning for insurers aims to ensure orderly market exits. Applicable to most UK insurers, it requires them to develop and implement Solvent Exit Analyses and, when necessary, detailed Execution Plans. The policy comes into effect on June 30, 2026.