Publié par : pintejp | juillet 12, 2016

International Cyber Recommendations for the Financial Market: Collaboration is the Name of the Game

On June 29, 2016, the Bank for International Settlements’ (BIS) Committee on Payments and Market Infrastructures (CPMI) and the Board of the International Organization of Securities Commissions (IOSCO) issued “Guidance on cyber resilience for financial market infrastructures” (Cyber Guidance), the first set of concrete recommendations following the 2012 CPMI-IOSCO Principles for Financial Market Infrastructure (PFMI). The new Cyber Guidance makes clear that collaboration is key. Among the many components of a strong cyber resilience framework (i.e., a system of policies and controls aimed at identifying, protecting, detecting, responding to and recovering from cyber risks), intramarket coordination is critical to the success of cybersecurity in a system of interdependent and interconnected participants. Indeed, the prevention of systemic events and the maintenance of economic stability seems weakened without it

http://www.jdsupra.com/legalnews/international-cyber-recommendations-for-93577/


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