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The Prudential Regulation Authority’s round-up of December’s news and publications includes: |
Details on new requirements to strengthen operational resilience in the financial services sector and an update on the Libor transition. The Bank of England, PRA and Financial Conduct Authority (FCA) published a press release and a joint foreword and summary on ‘Building operational resilience: Impact tolerances for important business services’. The PRA also published a related consultation paper (CP29/19 ‘Operational resilience: Impact tolerances for important business services’). Other publications this month include three Bank of England consultation papers relevant to financial market infrastructure and CP30/19 from the PRA on ‘Outsourcing and third party risk management’. The PRA also published a letter from Sam Woods: ‘The prudential regulatory framework and Libor transition’. |
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