Author: admin

Edinburgh Airport halts flights due to ‘IT issue’ with air traffic control providerpublished at 10:17 GMT

10:17 GMT

As we’ve been reporting, Edinburgh Airport has halted flights due to an IT issue with their air traffic control provider.

The airport posted the message below on social media a short while ago.

No time frames have been given beyond the fact that teams are looking to resolve the issue “as soon as possible”.

We’ll bring you more on this developing situation as we get it – stick with us.

Image source, Edinburgh Airport/X

ARMONK, N.Y., Dec. 5, 2025 /PRNewswire/ — The Digital Operational Resilience Act (DORA) is a European Union regulation designed to ensure that financial entities—such as banks, insurance companies, and investment firms—and their critical Information and Communication Technology (ICT) providers can withstand and recover from technology disruptions, including cyber incidents and technical failures.

IBM (NYSE: IBM) was recently designated by the European Supervisory Authorities (EBA, EIOPA, ESMA) as a critical ICT third-party provider under DORA. This designation reflects the essential role that technology providers like IBM play in supporting the resilience of Europe’s financial sector.

The objective is clear: strengthen operational resilience across Europe’s financial ecosystem, mitigate systemic risk, and ensure trust in the stability and security of digital services.

What This Means for IBM and our Clients

IBM has long been a trusted partner to the world’s financial services firms, with decades of experience supporting the financial sector and collaborating with financial regulators and oversight bodies worldwide.

This designation places IBM in-scope for supervision by European Supervisory Authorities as a critical third-party provider, and we will work closely with the ESAs to ensure operational and technical resilience that is critical to Europe’s financial system.

For our clients, this designation reinforces IBM’s longstanding commitment to operational resilience and regulatory compliance. We will continue to provide guidance and resources to help financial institutions meet their own DORA obligations while maintaining innovation and competitiveness.

Ahead of DORA’s implementation, we have worked across our technology and services units to address requirements for both IBM and our clients, contributing to an EU-wide framework that protects the stability of Europe’s financial system. We continually strengthen our cybersecurity technologies, defenses, and governance worldwide to meet the highest standards of security and operational resilience.

We look forward to constructive engagement with the European Supervisory Authorities and to drawing on our deep expertise in risk management, cybersecurity, and regulatory compliance to help clients navigate evolving requirements with confidence.

Our priorities include:

• Collaborating with regulators to ensure compliance and transparency
• Supporting financial institutions in meeting their own DORA obligations
• Investing in resilience to safeguard stability and trust in digital services

Together, we can help Europe’s financial ecosystem remain secure, resilient, and ready for the future. 

Learn more:

About IBM 

IBM is a leading global hybrid cloud and AI, and business services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

For more information, visit https://research.ibm.com.

Media contact:

Lobna Hassan

IBM

lobna.hassan@ibm.com

SOURCE IBM

• The Basel Committee has published a consultation on a standard format for machine-readable disclosures by banks.
• The proposed standard format would make existing disclosure by banks more accessible and easier to aggregate.
• Comments on the proposals are requested by 5 March 2026.

The Basel Committee on Banking Supervision today published a consultative document proposing additions to its disclosure standard to make the data disclosed by banks (so-called Pillar 3 disclosures) available in a machine-readable format.

Pillar 3 disclosures by internationally active banks under the Basel Committee’s standards are an important source of their key risk metrics. Most banks, however, currently publish their disclosures in PDF format only, which makes it difficult to aggregate, process and compare data across banks.

To make Pillar 3 disclosure data more accessible, the Committee is proposing that they should be made available in standardised machine-readable formats across its member jurisdictions. The proposed standard would introduce a requirement and technical specifications to produce machine-readable quantitative Pillar 3 disclosures, without changing the underlying disclosure requirements for banks. National supervisors would decide whether banks should publish machine-readable Pillar 3 disclosures on their own websites or via a centralised data repository.

It is also envisaged that the proposed standard would not increase burdens on banks in jurisdictions where machine-readable Pillar 3 disclosures are already required. Instead, existing approaches would be integrated into the proposed global standard.

The Committee welcomes comments on the proposed additions to the standard covering machine-readable quantitative Pillar 3 disclosures, which should be submitted here by 5 March 2026. All submissions will be published on the BIS website unless a respondent specifically requests confidential treatment.

---

Note to editors

The Basel Committee is the primary global standard setter for the prudential regulation of banks and provides a forum for cooperation on banking supervisory matters. Its mandate is to strengthen the regulation, supervision and practices of banks worldwide with the purpose of enhancing financial stability. The Committee reports to the Group of Central Bank Governors and Heads of Supervision and seeks its endorsement for major decisions. The Committee has no formal supranational authority, and its decisions have no legal force. Rather, the Committee relies on its members’ commitments to achieve its mandate. The Group of Central Bank Governors and Heads of Supervision is chaired by Tiff Macklem, Governor of the Bank of Canada. The Basel Committee is chaired by Erik Thedéen, Governor of Sveriges Riksbank. 

More information about the Basel Committee is available here.