BoE simulates ‘major operational disruption’ to UK firms

Central bank restarts “Simex” testing of financial sector after pandemic hiatus

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The Bank of England tested 50 large financial firms this week for their ability to withstand a “major operational disruption”.

The UK central bank ran the simulation over the course of two days in conjunction with the Treasury, Financial Conduct Authority and a group of firms. The different organisations worked together as the Cross-Market Operational Resilience Group. “The initiative aims to improve the resilience of the UK financial sector through collective action,” the BoE said in a

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