BoE calls for wider research into operational resilience
Most studies have focused on cyber attacks, though UK has been hit by varying types of incidents
Regulators need access to wider research into the systemic impact of operational risks after a string of incidents affected the UK financial system, Bank of England (BoE) staff say.
The analysis, published on August 27, tries to explain firms’ operational vulnerabilities, how incidents are transmitted through the financial system, and how businesses can build resilience.
However, the authors say there has been far less research on operational resilience than there has been on the related issue of
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