BoE to scrutinise banks’ op risk tolerance limits

Watchdog says banks must prove they can stick to tolerance limits; cyber stress test planned

bank of england - clock - Getty.jpg
Bank of England’s operational resilience supervision was due for an upgrade, says Nick Strange

The Bank of England will publish a consultation paper later this year, asking banks to prove their tolerance limits for operational risk are realistic and can be adhered to consistently, said its director of supervisory risk specialists today (May 14).

Speaking at Risk.net’s annual OpRisk Europe conference in London, director Nick Strange said the BoE’s operational resilience supervision was due for an upgrade and its revised approach would focus on two key planks: impact tolerance and business

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: