UK regulators review financial firms’ operational resilience
Firms must ensure processes can be maintained after disruption - regulators
The UK’s regulators are asking financial firms to implement what they call “impact tolerances”, as part of a new approach by the country’s financial regulators to operational resilience.
“The supervisory authorities are exploring a business services approach because it could be of value to organisations of all sizes as they manage their resilience in a dynamic environment,” says a discussion paper, published on July 5 by the Bank of England, Prudential Regulation Authority and Financial Conduct
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