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Blog Category: Business Continuity

December 4, 2019
OCC's Transformation: Enhanced Efficiency and Agility
By Bill Raczyk, OCC Vice President, Process Innovation
In an age of ever-more-rapidly evolving technology, businesses need to engage in constant reinvention to remain relevant. OCC, the world's largest equity derivatives clearing organization, is no different.
Categories: Business Continuity, Clearing Services, Company Updates, Market Efficiencies

November 26, 2019
OCC: Moving Clearing, Data, and Risk Applications to the Cloud
By David Hoag, OCC Chief Information Officer and Mark Morrison, OCC Chief Information Security Officer
In January, OCC announced the launch of our Renaissance Initiative, a multi-year, $100 million-plus initiative to comprehensively redevelop and modernize our technology infrastructure, including risk management, clearing and data systems. When this work is completed, OCC will achieve enhanced resiliency, an improved security and compliance posture, and more effective and efficient operations. It also will allow OCC to function as a more nimble organization, delivering business capabilities to better serve the users of the U.S. equity derivatives market.
Categories: Business Continuity, Clearing Services, Company Updates, Market Efficiencies, Risk Management

October 24, 2019
Enhancing Traditional Approaches to Manage Cyber Security Risks
By Mark Morrison, OCC Chief Information Security Officer
At the July World Federation of Exchanges Technology Summit in Umea, Sweden, there was a lively cyber security panel discussion covering the challenges associated with implementing new and emerging technologies in the financial sector. The panel explored how the implementation of technologies like Blockchain, Distributed Ledger, Artificial Intelligence, Machine Learning, and Public Cloud requires financial institutions to enhance traditional approaches for protecting information systems and data to address the operational, regulatory, and security risks introduced.
Categories: Blockchain, Business Continuity, Cyber Security, Operational Risk Management, Risk Management

October 11, 2018
The Complex Realities of a Cybersecurity Program
By Mark Morrison
Mark Morrison, OCC's Chief Information Security Officer, shares some significant cybersecurity issues that don't always make it into today's headlines.
Categories: Business Continuity, Compliance, Cyber Security, Risk Management

December 6, 2016
Some Thoughts by OCC on Risk Management
By John Fennell
John Fennell, OCC Chief Risk Officer, shares his insights into how OCC proactively manages its internal and external risks and best practice models that promote an enhanced risk culture within the organization.
Categories: Business Continuity, Operational Risk Management, Risk Management, Compliance

October 25, 2016
Why A Resilient Risk Management and Internal Control Infrastructure Matters
By Adi Agrawal
Adi Agrawal, Senior Vice President and Chief Audit Executive, explains how as a Systemically Important Financial Market Utility (SIFMU) and leader in the exchange-listed options industry, OCC understands the importance of a strong internal control infrastructure to enhance resiliency and provide sound risk management capabilities for market participants.
Categories: Business Continuity, Operational Risk Management, Risk Management