Business Continuity in Financial Services: Industry Report

Business Continuity in Financial Services

Product Type: Market Research Report
Published by: Datamonitor
Published: February 2003
Product Code: R313-5289

Description

Introduction
This report looks at the development of BCP/DR in the financial services sectors as financial institutions begin to assess the implications that IT systems' availability has on the operational performance of business, and the products and solutions that vendors in the market are offering to deal with these issues.

Scope
The report covers the strategic issues relating to the business continuity planning and disaster market in Western European financial services

The report looks into the vendor dynamics of the main European players in the provision of availability services

The report provides an intuitive segmentation of the BCP/DR market considering the functional overlaps that the market segments share

Report Highlights
The development of the BCP/DR market in financial services has developed over time initially driven by regulatory pressure, but later being also a real business need. Today the building of resilience is considered an essential part of any FSI's business planning, especially as regards its relevance to operational risk in the face of Basel II.

Reasons to Purchase
Enables the reader to understand the specific drivers for business continuity in FSIs within the context of changing regulatory and IT environments

Examines business continuity implications for business and IT investment in areas such as STP, enabling the reader to anticipate demand in the market

The report enables the reader to understand how terrorism is used to motivate overall business continuity investment decisions

Table of Contents

CHAPTER 1 EXECUTIVE SUMMARY

Introduction
Market context
Market segmentation
Market drivers
The future decoded
Action points

CHAPTER 2 INTRODUCTION

What is this report about?
Who is the target reader?
How to use this report

CHAPTER 3 MARKET CONTEXT

Introduction
Business continuity planning and disaster recovery
Market segments
Drivers and trends
Globalization and regional integration
The move towards 24/7 business
STP and process automation
Operational risk and Basel II
Terrorism
Conclusions

CHAPTER 4 COMPETITIVE DYNAMICS

Introduction
Competitive layout
SchlumbergerSema
Sungard
Conclusions

CHAPTER 5 THE FUTURE DECODED

Introduction
Key findings
The European financial services BCP/DR market
The European BCP/DR in highlighted markets
Backup & restore and availability services & products markets
The BCP/DR market by line of business
Financial markets
Retail banking & insurance
Conclusions
BCP/DR by line of business and country

CHAPTER 6 ACTION POINTS

Introduction
Financial services institutions must recognize IT risk as a part of operational risk
and act to identify, understand and reduce it
Both financial services institutions and systems integrators must be aware of the
resilience implications of increased integration and STP between applications
Terrorism as a risk element must be proportioned in the context of risk to business
processes and IT systems
Financial services institutions must ensure that their business continuity plans do
not fall into the hardware trap at the expense of making proper investments in
software and operational structure planning
Vendors approaching the business continuity market must develop offerings that
are capable of combining the professional services-based BCP capability with a
product offering capable of delivering true business continuity

CHAPTER 7 APPENDIX

Definitions
Line of business definitions
Market definitions
Abbreviations and terminology
Forecasts and assumptions
Complementary research
SPP writing team

Ordering and More Information

Price and Delivery Options

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