BoE's Ramsden tells banks to be careful in managing outage risks

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BoE's Ramsden tells banks to be careful in managing outage risks
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Bank of England deputy governor Dave Ramsden said on Wednesday that banks needed...

FILE PHOTO: Bank of England Deputy Governor for Markets and Banking, Dave Ramsden attends a Bank of England news conference, in the City of London, Britain November 1, 2018. Kirsty O'Connor/Pool via REUTERS

LONDON - Bank of England deputy governor Dave Ramsden said on Wednesday that banks needed to be very careful in how they managed risks that could cause outages to their services.“We have to be incredibly careful in managing risk around outages,” Ramsden told a conference in London hosted by the Association for Financial Markets in Europe.

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