A refresh of the 2025 Strategic Risk Register to capture the most relevant risks facing the financial sector in 2026. The register has reflected the Operational Resilience Collaboration Group's (ORCG) Threat Monitoring Framework, the Dynamic Scenario Library, National Risk Register and the Authorities’ recommendations to provide an informed view of the threat landscape.

Frontier AI Risk Mitigation Webinar - Recording

Following on from the update on 22 April, the Cross Market Operational Resilience Group (CMORG) ran a webinar on Frontier AI Risk Mitigation on 14 May 2026. This webinar explored industry preparedness and key considerations for firms in managing Frontier AI risk.

The recording of this webinar is available for organisations that are UK regulated financial services firm.

Please log in to access the document with the webinar password.

CMORG has refreshed the Sector Response Framework (SRF) Post Incident Review Templates, offering a more structured and consistent way for groups to capture lessons learned. The updated templates for sector make it easy to for response group leads, identify what worked well, highlight areas for improvement and strengthen future incident response across the sector.

The concept of a Voluntary Sterling Settlement Postponement (VSSP) first arose during the 1987 Storm when many London staff were unable to travel to work and the high street banks agreed with the Bank of England (‘the Bank’) that it was not possible to run an orderly settlement day and closed.

This document sets out the closure of VSSP Phase 2 and CMORG approval of scope for Phase 3.

The foundational framework remains stable and continues to underpin coordinated sector-wide responses to systemic incidents by articulating the operating modality and levels of the SRF. It also includes a reference to collective sector contingencies that might form part of the sector’s response. Firms are encouraged to ensure their group’s participation records are accurate and aligned with the latest guidance.

A detailed version outlining all Sector Response Group structures, membership criteria, and engagement pathways. Also includes information for Government and Financial Authorities and FMI Crisis Committees, International Groups and Information Sharing Forums.

A simplified overview which provides a quick reference for raising awareness amongst internal stakeholders including C suite.

This version of the SRF Summary includes contact information for SRF response groups.

This document replaces the FXJSC Operations Sub-Committee FX Settlement Crisis Management Playbook, Version 2, updated Oct 2018. It sets-out a principles-based approach to assist Market Participants in reducing the size and duration of their Settlement Risk during a settlement crisis event, supporting principles of good practice set-out in the FX Global Code.

CMORG endorsed a proposal to develop a capability to support a timely firm-level response following an NPO. The aim of this playbook is to facilitate a coordinated restart of the UK financial system after an NPO and to ensure systems do not automatically resume data transmission and processing causing further disruption or delay once power and telecoms is restored.