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Bank boards must take charge of resilience planning for pandemics, cyberattacks, Basel committee says

( August 6, 2020, 09:32 GMT | Official Statement) -- MLex Summary: Bank boards should be responsible for ensuring their institutions are resilient in the face of pandemics or cyberattacks, say new draft guidelines issued today by the Basel Committee on Banking Supervision. Services outsourced to third parties, such as cloud-computing providers, need to make clear who owns banks' data, and how the contract can be terminated, the consultation says.Statement follows. Documents attached. ...

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