Tolerable disruption: Difference between revisions
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Maximum impact tolerance reflects the point at which any further disruption to the important business service could: | Maximum impact tolerance reflects the point at which any further disruption to the important business service could: | ||
(1) cause intolerable harm to any one or more of the firm’s clients, or | :(1) cause intolerable harm to any one or more of the firm’s clients, or | ||
(2) pose a risk to the soundness, stability or resilience of the UK financial system, | :(2) pose a risk to the soundness, stability or resilience of the UK financial system, | ||
(3) or to the orderly operation of the financial markets. | :(3) or to the orderly operation of the financial markets. | ||
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*[https://www.bankofengland.co.uk/financial-stability/operational-resilience-of-the-financial-sector Operational resilience of the financial sector - Bank of England] | *[https://www.bankofengland.co.uk/financial-stability/operational-resilience-of-the-financial-sector Operational resilience of the financial sector - Bank of England] | ||
*[https://www.fca.org.uk/firms/operational-resilience/insights-observations Operational resilience: insights and observations for firms - Financial Conduct Authority (UK)] | *[https://www.fca.org.uk/firms/operational-resilience/insights-observations Operational resilience: insights and observations for firms - Financial Conduct Authority (UK)] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Revision as of 12:06, 24 July 2024
1. Treasury - banking - regulation - risk management - organisations and systems - finance - UK - Financial Conduct Authority (FCA).
In the regulated financial sector, the concept of tolerable disruption is closely related to maximum impact tolerance.
Maximum impact tolerance reflects the point at which any further disruption to the important business service could:
- (1) cause intolerable harm to any one or more of the firm’s clients, or
- (2) pose a risk to the soundness, stability or resilience of the UK financial system,
- (3) or to the orderly operation of the financial markets.
In this context, tolerable disruption is any disruption that falls within this maximum tolerance level.
2. Treasury - banking - operations - risk management - organisations and systems.
Similar concepts in other sectors.
See also
- Cash management
- Cyber resilience
- Disruption
- Event risk
- Financial Conduct Authority (FCA) UK
- Financial Policy Committee (FPC)
- Financial services
- Firm
- Framework
- Guidance
- Impact tolerance
- Operational risk
- Operations
- Organisation
- Redundancy
- Regulation
- Resilience
- Risk management
- Robustness
- Stability
- Standard
- Systemic risk
- Systems risk
- Treasury
