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UK financial market infrastructures reminded to ensure resilience to 'extreme but plausible' scenarios

By Sofia Gerace ( April 30, 2024, 13:27 GMT | Insight) -- UK financial market infrastructures should accelerate efforts to ensure that they have better tolerance for negative impacts on their important business services, the Bank of England said today. FMIs such as payment systems, central securities depositories and central counterparties are expected to have an improved operational resilience system in place by March 2025, a senior central bank official reminded them.UK financial market infrastructures should accelerate efforts to ensure that they have better tolerance for negative impacts on their important business services, the Bank of England said today....

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