Skip to content

IT and operational failures: financial services in the spotlight

Related people
Burnett Calum
Calum Burnett

Partner

London

View profile →

Hitchins Sarah
Sarah Hitchins

Partner

London

View profile →

04 December 2019

There is unprecedented demand for and use of technology in the financial services sector.  However, greater reliance on technology brings with it increased levels of risk.  In particular, IT incidents and even brief disruptions to digital services may have a significant impact on clients and the markets.
The House of Commons Treasury Committee's recent report on IT failures in the financial services industry highlights a number of potential enforcement risks for financial services firms.  We explore these risks in this article, which appeared in the December edition of PLC Magazine.