UK regulator issues plans for bank ops resilience

Bank of England to publish formal policy for recovering from disasters in 2020

Bank of England
Bank of England
Photo: Juno Snowdon Photography

The Bank of England (BoE) has released new proposals requiring financial firms to measure the impact of cyber attacks and other disruptions, and to devise plans for maintaining crucial business services for customers.

The draft rules lay down standards for operational resilience, including a requirement to set time limits on a return to operations following an outage or failure.

Operational resilience reflects a shift in emphasis towards maintaining key services for customers once disaster

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