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AI Summary of Phased approach to reporting operational incidents (paras. 2.14-2.17)
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Phased approach to reporting operational incidents (paras. 2.14-2.17)
2.14 When an operational incident meets the thresholds, the PRA proposes to require firms to provide the following incident reports:
- an initial incident report;
- one or more intermediate reports if there is a significant change in the circumstances of the incident; and
- a final report.
2.15 To provide clarity on the phased approach to operational incident reporting, the process has been set out in Figure 1 below, the following sections contain further detail on the proposals for each reporting phase.
