Uptime Institute has announced the launch of its new Standardised, Comprehensive Infrastructure Risk Assessment for Financial Sector Institutions (SCIRA-FSI). SCIRA-FSI is a new professional service offering by the Global Digital Infrastructure Authority, Uptime Institute, that assesses critical IT environments across enterprise data centres, multi-tenant data centres and public and private clouds to identify and mitigate physical and operational outage risks.
In response to recent high-profile FSI outages and increasingly complex hybrid IT architectures, over 30 financial supervisory authorities in Europe, in conjunction with the European Banking Authority, have implemented regulatory requirements designed to encourage more effective risk management practices. These require regulated FSIs to periodically assess outage risks across its complete data centre estate. This focus by regulators and governments on minimising FSI outages is rapidly spreading across the globe, with similar requirements from the Bank of England and Prudential Regulatory Authority, Federal Reserve and Office of the Comptroller of the Currency in the US, the Monetary Authority of Singapore and the China Banking and Insurance Regulatory Commission, among others.
“Our new SCIRA-FSI programme gives FSIs a way to thoroughly assess their entire data centre estate and identify and mitigate digital infrastructure outage risk,” said Ali Moinuddin, Managing Director, Europe, Uptime Institute. “As regulatory pressure mounts in Europe and beyond, FSIs are compelled to increase their understanding of systemic vulnerabilities and minimise outage risk to support all critical business services and improve operational resilience.”
