Coronavirus, as a black swan event, will have invalidated many of the algorithms businesses typically use to make operational forecasts and other strategic decisions. Such AI tools are trained on previous data using year-on-year patterns, making it difficult for these algorithms to predict the effects of an unknown.
With the merits of ESG investment performance being a hot topic, the conversation should be on responsible and sustainable investments. Yet the focus is on the data requirements and standards, which are critical to the successful delivery of this rapidly increasing branch of the investment world.
Operational Resilience is a vital part of protecting our financial institutions and their customers and the regulators want you to do more. The Bank of England, the PRA and the FCA have coordinated their approach to ensure that the whole UK financial services landscape runs smoothly even when the challenges are increasingly demanding.
Plenty has been written about the £99.2m fine issued to the Marriott group by the Information Commissioner's Office (ICO) last year. As we all know by now, it was given to the hotel chain for its mishandling of a hack that led to the records of 383 million guests being compromised.