The FCA has published the results of its review into how
asset management firms selected and used risk modelling and other
portfolio management tools, focussing on how these firms are placed
to respond to system failures or service interruptions which could
cause serious harm to consumers or potentially damage market
integrity.
This review builds on the FCA’s continuing work in the
operational resilience sphere, including its cross-sector Technology and Cyber Resilience Questionnaire
in 2017/8 where the FCA’s surveyed 296 firms to assess their
technology and cyber capabilities in key areas such as governance,
delivery of change management, management of third party risks and
cyber defence effectiveness.
