Free Trial
AUDUSD TECHS

Gains Considered Corrective

STIR

BLOCK, Late Call Fly

EURJPY TECHS

Corrective Cycle Still In Play

STIR

BLOCK, March SOFR Calls

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: War Raises Banks' Need For Operational Resilience

(MNI) London
(MNI) London
True

The imposition of sanctions following Russia’s invasion of Ukraine highlights the extent to which banks need to “expect the unexpected,” ECB Supervisory Board member Anneli Tuominen said in an interview published Wednesday in which she highlighted the increasing relevance of of operational resilience.

“[T] he sanctions imposed on Russia have exposed banks to several challenges that affect not only their asset quality, but also their operations and the services they both offer and rely on,” she said. “Considering the ongoing trend of digitalisation and outsourcing, operational resilience is becoming even more important. Banks and supervisors need to pay more attention to these developments, also from a qualitative point of view.”

110 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The imposition of sanctions following Russia’s invasion of Ukraine highlights the extent to which banks need to “expect the unexpected,” ECB Supervisory Board member Anneli Tuominen said in an interview published Wednesday in which she highlighted the increasing relevance of of operational resilience.

“[T] he sanctions imposed on Russia have exposed banks to several challenges that affect not only their asset quality, but also their operations and the services they both offer and rely on,” she said. “Considering the ongoing trend of digitalisation and outsourcing, operational resilience is becoming even more important. Banks and supervisors need to pay more attention to these developments, also from a qualitative point of view.”