BoE to set tolerance levels for operational disruptions
OpRisk Europe: Regulator cites recent TSB and RBS outages as it plans incident response framework
The Bank of England is planning to set tolerance levels for banks to maintain a minimum level of service provision during a “severe but plausible operational disruption”, according to a senior executive at the regulator.
Speaking today (June 13) at OpRisk Europe, Lyndon Nelson, deputy chief executive officer and executive director for regulatory operations and supervisory risk specialists at the
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