FCA Shares Lessons From Defence, Security, and Resilience Lab on Systemic Risk
The FCA has published findings from its Defence, Security, and Resilience (DSR) Lab, a joint exercise with the Ministry of Defence that tested firms' preparedness for systemic, sector-wide shocks such as satellite spoofing, subsea cable damage, and cyberattacks on critical infrastructure. While not formal guidance or a statement of regulatory obligations, the update signals growing supervisory focus on shared dependencies and national resilience, and provides a self-assessment framework compliance teams should use proactively.


