The Governor of the Bank of England, Sir Edward George, plays a leading role in this new phase of international monetary cooperation that we could say began with the meeting of the Group of Seven leading industrial countries in Toronto in February 1995, shortly after the Mexican crisis erupted.
It will also help us to identify vulnerabilities and common pitfalls. In addition to our ongoing supervision we also perform thematic reviews on cyber security and IT outsourcing. These reviews help us to assess the risks facing each bank as well as the risks that might affect the entire sector. And they also help to raise awareness of cyber risk at Board level.