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UK financial firms’ operational resilience testing faces fresh scrutiny

( April 15, 2025, 15:51 GMT | Official Statement) -- MLex Summary: The UK's Financial Conduct Authority has said its supervisory focus is changing, now that the deadline has passed for banks and insurers to embed its operational resilience rules. In a blog post today, Suman Ziaullah, the FCA's head of technology, said the watchdog is looking at how firms strengthen their resilience culture by learning from incidents and ongoing scenario testing to remedy any newly discovered vulnerabilities. “Where we see failings that put customers or markets at risk, we will use our powers to drive necessary change,” Ziaullah said.Statement below....

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