November 8, 2018 / 4:15 PM / 10 months ago

Bank of England to test financial system resilience to cyber attacks

The Bank of England building is seen in central London March 20, 2008. Chief executives or senior directors from the "Big 5" banks -- HSBC , Royal Bank of Scotland , Barclays, Lloyds TSB and HBOS -- will meet BoE officials, including Governor Mervyn King, for a "regular exchange of views". REUTERS/Toby Melville (BRITAIN)

LONDON (Reuters) - The Bank of England said it will carry out a test on Friday to gauge the financial sector’s ability to withstand a major cyber attack.

The BoE said that, in partnership with the finance ministry and the Financial Conduct Authority, it would host a one-day exercise on Nov. 9.

“The exercise will help authorities and firms identify improvements to our collective response arrangements, improving the resilience of the sector as a whole,” the BoE said in a statement.

Reporting by Huw Jones; Editing by Kevin Liffey

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