Here we bring you a fresh view of enterprise, with insights and analysis from the TORI team.

Red exit sign mk-s-e

The Year 2021 saw the coining of the term “Great Resignation”; an ongoing labour driven economic trend in which employees are voluntarily resigning from their jobs en masse.

The frequency, sophistication, and potential damage cyberattacks can cause these days are reaching new, all-time highs. The acceleration of digital warfare has been exponential, with recent geopolitical clashes, civil unrest, and the COVID-19 pandemic drastically amplifying attempts by organised cybercriminals to infiltrate data centres, financial service organisations, and critical national infrastructure. If you think cyber-attacks are not a threat to your organisation, then you need to Think Again!

After approximately three years of consultations and one year of carrying out the initial assessment, Operational Resilience remains a “hot topic” for regulated financial entities. While it may seem as if we have passed the first hurdle, the process of building resilience is far from over. In fact, it has only just begun.


The consequences of the existing geopolitical conflict between Ukraine and Russia will impact the financial system and the geopolitical stability of countries beyond European borders. 

Heraclitus once wrote, ''The only constant in life is change."  No truer statement has been made, and this is equally applicable to strategic enterprise-wide transformations, which are no longer an option but a business imperative to remain competitive. How will your organisation take advantage of strategic transformation while foreseeing and navigating risks?

With the general price level of goods and services soaring, policymakers are attempting to delve into the root causes of this economic phenomenon, evaluate its effects on the ‘average Joe’, and devise the appropriate policy packages to address the subsequent consequences. 

From barter to currency. From currency to plastic cards, checks and other financial products. From bank books to digital accounts and wallets. From digital accounts to cryptocurrencies. Throughout human history, society has seen the intangible concept of money manifest into various mediums. It is therefore only reasonable that one asks – what does the future hold for financial services?

The pandemic has accelerated digital transformation across all industries (even faster than the CIO agenda), forcing organisations to quickly move key processes to digital environments to retain some level of activity during the disruption. However, this massive and aggressive adoption was executed considering primarily business continuity, with only minimal assessment done in terms of risk exposure and dependencies.

The global macroeconomy is in a state of shock: supply chains are broken, global unemployment is on the rise and concerns about inflationary pressures are building up. Although governments are now trying to enhance the recovery momentum, the uncertainty and pessimism regarding the future trajectory of the economy are a major challenge for policymakers in designing the appropriate economic packages (both in scope and intensity) to bring markets back to an equilibrium. 

The Financial Stability Report, published by The Bank of England in July 2021,  presented the Financial Policy Committee (FPC) view that additional policy measures are required to mitigate financial stability risks for Financial Service companies using Cloud service providers.

On 14 July 2021, 16 Trade Associations wrote to the European Commission and ESMA requesting that the Mandatory Buy-In (MBI) component of the CSDR Settlement Discipline Regime should not be implemented on 1 February 2022. This request only related to MBIs and not to the other components, including cash penalties.

Following the seismic and unprecedented changes that the Covid-19 pandemic has brought to our everyday lives, the emergence of new ways of working can arguably be seen as an inevitable adjustment to an unexpected, yet profound shift in the status quo.