In 2011, the Financial Services Agency (FSA) fined regulated firms a total of £66,000,000. To date, 2012, the FSA has fined regulated firms over £104,000,000; and still counting. A considerable part of this figure was because they were in breach of IT and data governance regulations. The Mitsui Sumitomo Corporation alone was fined over £3,500,000 this year for IT governance failings.
Frontier Technology offers enterprise-class cloud for FSA regulated firms with regulatory compliant technology solutions and support as standard. We comply with ISO 27001, ISO9001 and PCI-DSS compliance models as well as the standard and best practices laid out for data governance by the FSA.
Throughout October, November and December 2012, we are running complimentary technology assessments and reports for organisations within the finance industry to ensure that they are informed with the regulatory requirements for FSA IT adherence. These include Business Continuity, Disaster Recovery and data governance.
If you are concerned that your current provider may not be aware of these practices, or you would simply like to know how your current technology falls within them, please contact us as we would be happy to help: Divina Tumlos – 0854 603 6552 | email@example.com