10 Jul '18, 8am

The future of financial market infrastructures: spearheading progress without renouncing safety

We introduced the cyber resilience oversight expectations, which set out detailed best practices to operationalise the CPMI-IOSCO guidance. These expectations are now being finalised following a public consultation. We established the Euro Cyber Resilience Board for pan-European Financial Infrastructures, a forum that brings together high-level FMI representatives, service providers and authorities with the aim of raising awareness of common cyber challenges and acting as a catalyst for joint initiatives and solutions.[17 ] Our third initiative was introducing a European Framework for Threat Intelligence-Based Ethical Red Teaming (TIBER-EU), which supports FMIs and other financial entities in conducting the highest level of cyber resilience testing in a multi-jurisdiction and multi-authority context.[18 ] And finally, we adopted the aforementioned CPMI wholesale payments s...

Full article: https://www.ecb.europa.eu/press/key/date/2018/html/ecb.sp...

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