AGL 40.22 Increased By ▲ 0.21 (0.52%)
AIRLINK 127.30 Decreased By ▼ -0.69 (-0.54%)
BOP 6.62 Increased By ▲ 0.02 (0.3%)
CNERGY 4.51 Decreased By ▼ -0.09 (-1.96%)
DCL 8.56 Increased By ▲ 0.08 (0.94%)
DFML 42.13 Increased By ▲ 0.65 (1.57%)
DGKC 87.25 Increased By ▲ 0.67 (0.77%)
FCCL 32.70 Increased By ▲ 0.56 (1.74%)
FFBL 65.21 Decreased By ▼ -0.21 (-0.32%)
FFL 10.21 Decreased By ▼ -0.04 (-0.39%)
HUBC 109.52 Decreased By ▼ -0.97 (-0.88%)
HUMNL 14.55 Decreased By ▼ -0.20 (-1.36%)
KEL 5.13 No Change ▼ 0.00 (0%)
KOSM 7.55 Increased By ▲ 0.43 (6.04%)
MLCF 41.66 Increased By ▲ 0.01 (0.02%)
NBP 59.57 Decreased By ▼ -0.52 (-0.87%)
OGDC 194.25 Decreased By ▼ -0.44 (-0.23%)
PAEL 28.17 Increased By ▲ 0.22 (0.79%)
PIBTL 7.84 Decreased By ▼ -0.16 (-2%)
PPL 152.01 Increased By ▲ 0.84 (0.56%)
PRL 26.60 Decreased By ▼ -0.28 (-1.04%)
PTC 16.05 Increased By ▲ 0.05 (0.31%)
SEARL 82.90 Increased By ▲ 4.70 (6.01%)
TELE 7.50 Increased By ▲ 0.11 (1.49%)
TOMCL 35.43 Decreased By ▼ -0.24 (-0.67%)
TPLP 8.20 Increased By ▲ 0.29 (3.67%)
TREET 16.17 Increased By ▲ 0.28 (1.76%)
TRG 52.63 Decreased By ▼ -0.13 (-0.25%)
UNITY 26.68 Increased By ▲ 0.13 (0.49%)
WTL 1.24 Decreased By ▼ -0.03 (-2.36%)
BR100 9,925 Increased By 4.6 (0.05%)
BR30 30,781 Increased By 29.1 (0.09%)
KSE100 93,517 Increased By 292.7 (0.31%)
KSE30 28,994 Increased By 109.2 (0.38%)

FRANKFURT: The European Central Bank said Wednesday it would test lenders’ response to cyberattacks this year in a first of a kind stress test for banks in the eurozone.

The critical scenario set out by the ECB assumes that the bank has been “hit by successful cyberattack that disrupts their daily operations”, the ECB said in a statement.

Some 109 banks would be tested on their means to “respond to and recover from a cyberattack, rather than their ability to prevent it”, the ECB said. The exercise will examine financial institutions’ emergency procedures and their plans to restore normality after such an attack.

A subset of 28 banks from across the eurozone would be subjected to a more rigorous test that would take a closer look at the risks of cyberattacks spilling over into other areas. The results of the exercise, which will be published later this year, would not have an impact on banks’ obligations to build capital buffers against financial risks, the ECB said.

The ECB runs stress tests on the banks it supervises every year to evaluate their preparedness to handle adverse events. While most tests have focused on adverse economic and financial scenarios, the ECB has also run a climate stress test on banks.

Comments

Comments are closed.