BoE to scrutinise banks’ op risk tolerance limits

bank of england - clock - Getty.jpg
Bank of England’s operational resilience supervision was due for an upgrade, says director Nick Strange

The Bank of England will publish a consultation paper later this year, asking banks to prove their tolerance limits for operational risk are realistic and can be adhered to consistently, according to its director of supervisory risk specialists.

Speaking at sister site Risk.net’s annual OpRisk Europe conference in London, director Nick Strange said the BoE’s operational resilience supervision was due for an upgrade and its revised approach would focus on two key planks: impact tolerance and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: