The Federal Reserve Board indicated that financial institutions (FIs) can stay strong even as they weather turbulent economic conditions, as it unveiled the results of its stress tests for this year and further sensitivity analyses conducted in consideration of the pandemic. Vice Chair Randal K....
Financial services companies in the U.K will have to undergo cyber stress tests to ensure they could recover if they were hit with a major cyber breach. According to a report in City A.M., citing the Bank of England, the test will ensure that banks...
The Prudential Regulation Authority (PRA), the financial regulator overseeing the United Kingdom, has directed insurers to conduct “stress tests” tied to cyber attacks, the Financial Times reports. In the wake of ransomware attacks as far reaching and well-publicized as WannaCry, the need for cyber attack...
With the month of June coming to an end, U.S. stocks were trading higher on Friday (June 30), with the S&P 500 rising 0.2 percent in midday trading. Among the leading industries were firms that sell directly to consumers and industrials. The S&P 500 gained 8.3...
July 18, 2023
TikTok reportedly failed to fully pass a recent test conducted by the European Union’s governing body, raising concerns that the popular social media platform is not yet compliant with upcoming regulations. On Monday, EU Internal Market Commissioner Thierry Breton and his team conducted a “stress test” at TikTok’s Dublin offices, with the results indicating that more work is […]
June 25, 2020
The Federal Reserve Board indicated that financial institutions (FIs) can stay strong even as they weather turbulent economic conditions, as it unveiled the results of its stress tests for this...
June 27, 2018
Financial services companies in the U.K will have to undergo cyber stress tests to ensure they could recover if they were hit with a major cyber breach. According to a...
July 06, 2017
The Prudential Regulation Authority (PRA), the financial regulator overseeing the United Kingdom, has directed insurers to conduct “stress tests” tied to cyber attacks, the Financial Times reports. In the wake...
