In his speech, Nick Strange looks at one of the Bank of England’s strategic priorities – improving the operational resilience of the UK financial sector. Operational resilience is the ability to prevent, respond and recover from operational disruptions.
Nick highlights the Financial Policy Committee’s (FPC) upcoming cyber stress testing pilot on payment systems. He discusses how we work internationally to ensure consistency across regulatory boundaries. And he talks about our direct engagement with the financial sector to help firms build resilience.
Operational resilience – a progress report