trending Market Intelligence /marketintelligence/en/news-insights/trending/w-_ra7o9n_hc-nwifn-gig2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

BoE eyes targets for banks facing business disruption

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery


BoE eyes targets for banks facing business disruption

The U.K.'s central bank will likely require big banks to meet certain levels of service provision when facing cyber attacks and other business disruption Reuters reported, citing Lyndon Nelson, deputy CEO at the bank's Prudential Regulation Authority.

The bank is set to publish a discussion paper on this issue.

Recently, TSB Banking Group PLC customers faced huge disruption when the bank moved to a new IT platform. The fallout has cost the bank at least £70 million.