| answer text |
<p><strong>Responsibility for information technology infrastructure in the UK finance
sector is primarily for the firms themselves. The Financial Authorities have a role
to play in supporting, coordinating and driving change to improve the operational
resilience of the sector.</strong><strong> </strong></p><p> </p><p><strong> </strong></p><p>
</p><p><strong>In addition to on-going supervisory oversight of technology risk within
firms by the Authorities, the Financial Conduct Authority (FCA) and Prudential Regulatory
Authority (PRA) jointly launched, in October 2014, a review of firms’ critical infrastructure
and technology resilience. The review </strong><strong>focuses on the most significant
UK retail deposit-taking organisations and is expected to conclude in mid-2015.</strong>
<strong> </strong></p><p> </p><p><strong> </strong></p><p> </p><p><strong> </strong></p><p>
</p><p><strong> </strong></p><p> </p>
|
 |
