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EBA Guidelines on ICT and security risk come into force

The FCA has notified the EBA that it intends to comply with these Guidelines.  What happens after the end of 2020 is currently unknown.  UK regulated firms must continue to comply with the guidelines issued by the EBA until told otherwise.

All credit institutions, investment firms and PSPs will be expected to make every effort to comply with the Guidelines from 30 June 2020 when they enter into force. Firms should also refer to the EBA’s further guidance on the use of flexibility in relation to Covid-19 and the implementation of the Guidelines.

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fintech, opres, operational resilience, operational risk, banktech, bankingtechnolgy

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