Loss of credibility of the financial system: stock market scandals, losses due to operational failures, bank crashes....
The existing regulations are not enough demanding with regards to ICT Infrastructure Security and protection against losses derived from inefficiencies                 

The globalization of financial systems, computerization of all process, total  dependency on ICT for all financial operations operating risks ( and risks of loss) led to the

BASEL II Accord

The security of information and systems is given unprecedented attention.

The new standards for the international financial community clearly defines the that priority must be given to the uninterrupted availability of information.