Operational resilience standards are regulatory requirements designed to ensure that financial institutions can maintain critical functions during disruptive events. These standards mandate firms to identify potential threats, implement preventative measures, and establish recovery plans. The objective is to minimize the impact of outages on customers and market stability. Compliance with these standards is essential for robust financial infrastructure.
Context
News concerning financial regulation often highlights the extension of operational resilience standards to digital asset service providers. Regulators aim to enhance the stability and security of the cryptocurrency ecosystem through these measures. Adherence to these standards is becoming a key factor for crypto firms seeking regulatory approval and consumer trust. These initiatives are critical for mitigating systemic risks in the digital asset space.
The UK's new DASP framework mandates exchanges and brokers meet traditional finance standards for resilience, fundamentally altering operational compliance architecture.
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