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Financial Stability in Focus: The FPC’s macroprudential approach to operational resilience
Bank of England
2024.03.28
By ‘operational resilience’ we mean the ability of participants in the financial system to prevent, respond to, recover, and learn from operational disruptions, such as cyber-attacks and internal process failures.
Operational resilience is becoming more important. Financial services are now more digital and interconnected as financial firms are increasingly outsourcing their services to third parties. New technology like artificial intelligence is continuing to develop, so these trends are likely to continue.