Senior executives, together with financial authorities, discussed continued collaboration and preparation for and responses to cyber-incidents, with a particular focus on cross-border actions.
"Against a backdrop of rising cyber-threats, which respect no borders, it is important to have international coordination on these vital issues," said François Villeroy de Galhau, Governor of the Bank of France.
The meeting, hosted by the Bank of France, was convened by the international standard-setting bodies for FMIs, the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO), who issued guidance on cyber-resilience in 2016.
"It is vital for authorities and operators to work together to advance FMIs' ability to withstand increasingly complex cyber-threats, and to restore services in a timely way in the event of a successful attack," said CPMI Chair Benoît Cœuré.
"Ongoing industry engagement on this critical issue has been encouraging and it is essential that we continue to develop this partnership to reinforce the cyber-resilience of financial market infrastructure," said IOSCO Board Vice-Chair Jean-Paul Servais.
Press release
© BIS - Bank for International Settlements
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article