Hong Kong SFC issues operational resilience standards and recommended techniques and procedures in the age of remote working

On 4 October 2021, the Securities and Futures Commission (SFC) published a circular (with appendices) and a report on operational resilience and remote working. The circular and the report are important for intermediaries as their current operational resilience policies and business continuity plans will no doubt be judged and assessed against these standards in any future on-site inspections or enforcement actions. Continue reading

#OperationalResilience Asia Webinar: How to Manage and Prevent Disruptive Digital Events

Operational resilience is the ability to “prevent, adapt, respond to, recover and learn from operational disruptions”.

On 24 February, our cross-practice panel of experts from Hong Kong, Singapore and London will discuss:

  • the regulatory expectations, as regulators take steps to bolster operational resilience in financial services;
  • the types of severe but plausible disruptive digital events that firms should prepare for, from systems outages to cyber attacks;
  • crisis management, including how to deal with ransom demands;
  • data implications arising from an operational incident; and
  • how to mitigate the impact of disruption, focusing on outsourcing.

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