BoE may update resilience guidance, post-Covid

OpRisk Europe: Granular targets on minimum service provision after outages could be revisited, adviser suggests

Bank of England
Photo: Juno Snowdon Photography

UK regulators may revisit one of the thornier aspects of their guidance to firms on resilience planning to take account of the impact of the global coronavirus pandemic, a senior adviser at the Bank of England has suggested.

Giving the keynote address at’s annual OpRisk Europe conference, Nick Strange, senior technical adviser for operational risk and resilience at the UK’s Prudential Regulation Authority, said some of the “detailed guidance” proposed in the BoE’s consultation on op

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