Bank of England: Cybersecurity
(asked on 2nd June 2025) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what the role of the Bank of England is in ensuring cyber-security of financial institutions and telecommunication exchanges based within the vicinity the City of London.
This question was answered on 9th June 2025
The National Cyber Security Centre (NCSC) is the UK's technical authority for cyber security, including helping to protect the UK's critical infrastructure and services from cyber-attacks. The Bank of England, through the Prudential Regulation Authority (PRA) and working closely with the NCSC and other authorities, requires PRA-regulated financial institutions to have rigorous cyber security frameworks in place and requires regular assessment of financial institutions’ cyber security measures. The Bank of England does not regulate telecommunication exchanges.
The National Cyber Security Centre (NCSC) is the UK's technical authority for cyber security, including helping to protect the UK's critical infrastructure and services from cyber-attacks. The Bank of England, through the Prudential Regulation Authority (PRA) and working closely with the NCSC and other authorities, requires PRA-regulated financial institutions to have rigorous cyber security frameworks in place and requires regular assessment of financial institutions’ cyber security measures. The Bank of England does not regulate telecommunication exchanges.