Financial regulators have given banks and financial services firms three months to explain how they maintain IT security and resilience.
Photo: Artem Oleshko/Shutterstock
Financial services firms have been given three months to show regulators how their IT systems will manage the risk of cyber-attack or changes in technology.
The Bank of England, Financial Conduct Authority and Prudential Regulation Authority issued a questionnaire asking companies to respond to a key question about the resilience of their technology systems. Firms have until 5 October to reply.
The regulators want to know how services can be maintained whatever the source of disruption.
A statement from the regulators said: "The challenges for operational resilience have become even more demanding given a hostile cyber-environment an
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