Bank of England policy on Operational Resilience of FMIs

A key priority for the Bank of England, Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) is to put in place a stronger regulatory framework to promote operational resilience of firms and FMIs.
Published on 29 March 2021

The Bank’s operational resilience policy is designed to improve the operational resilience of FMIs and protect the wider financial sector and UK economy from the impact of operational disruptions. The requirements and expectations embed the approach set out in the consultation papers published in December 2019

The Bank has published:

  • A covering document – Operational Resilience : Impact tolerances for important business service
  • Individual Policy Statements and Supervisory Statements on the Bank’s operational resilience expectations for Central Counterparties (CCPs) and Central Securities Depositories (CSDRs). 
  • A Policy Statement, Supervisory Statement and operational resilience chapter of the Code of Practice for Recognised Payment System Operators (RPSOs) and Specified Service Providers (SSPs).

Give your feedback

Was this page useful?
Yes
No
Add your details...