New rule for Central Counterparties relating to incident reporting

The Bank of England currently receives notifications from CCPs of incidents relating to their information technology systems. This is important in allowing the Bank to discharge its supervisory mandate and in pursuit of its mission to promote monetary and financial stability.
Published on 09 February 2018

Currently the Bank receives these notifications in accordance with a supervisory expectation. This consultation seeks feedback on a new rule the Bank is proposing to make relating to incident reporting, which will formalise the requirement for CCPs to notify the Bank of certain incidents having an impact on their information technology systems. The proposed rule set out in this Consultation Paper would support the UK Government’s approach to the implementation of the EU Network and Information Systems Directive.

PDFConsultation paper - On a new rule for Central Counterparties
relating to incident reporting

Was this page useful?
Add your details...