On 3 October 2024, the Bank of England announced that together with UK Finance, the financial sector and other UK financial authorities it had completed its latest UK market wide simulation exercise, SIMEX 24. The simulation tested the UK financial sector’s ability to respond to a major infrastructure failure that would require a total shut down and restart of the sector. The simulation was the latest exercise in a programme that explores the financial sector’s response to some of the most challenging scenarios, including those on the Government’s National Risk Register.