2.26 The PRA proposes that firms submit reports on operational incidents in a template which would include four broad categories (see Table 1). The level of information required would vary depending on the stage of the reporting, with progressively more expected as the incident progresses or is closed.

2.27 The proposed template has been developed in consideration of the proposals being consulted on under FSB FIRE, including alignment with the format of data fields and taxonomies which underpin these where appropriate. The PRA has, where possible, aligned specific data fields and underpinning taxonomies between the incident reports and the material third-party reporting templates (see Chapter 3) to enable dataset interaction. This could support the PRA's identification of incident contagion where an incident originates at a third-party.

Table 1: Data categories for operational incident reporting