FSB published the 28 responses received to the public consultation on draft Cyber Lexicon. The Cyber Lexicon comprises a set of 50 core terms related to cyber security and cyber resilience in the financial sector. Comments period ended on August 20, 2018.
The Cyber Lexicon is intended to support the work of FSB, standard-setting bodies, authorities and private-sector participants such as financial institutions and international standards organizations. A lexicon could be useful to support work in the area of cross-sector common understanding of relevant cyber security and cyber resilience terminology. It will also help support information sharing, work to assess and monitor financial stability risks of cyber risk scenarios, and work by FSB and/or standard-setting bodies to provide guidance related to cyber security and cyber resilience, including identifying effective practices. FSB developed the lexicon in response to a request from G20 Finance Ministers and Central Bank Governors at their October 2017 meeting. FSB is expected to finalize the lexicon for delivery to the G20 Leaders’ Summit in Buenos Aires in November of this year.
Keywords: International, Banking, Insurance, Securities, PMI, Cyber Risk, Cyber Lexicon, Regtech, Responses to Consultation, FSB
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EBA issued a revised list of validation rules with respect to the implementing technical standards on supervisory reporting.
EBA published its response to the call for advice of EC on ways to strengthen the EU legal framework on anti-money laundering and countering the financing of terrorism (AML/CFT).
NGFS published a paper on the overview of environmental risk analysis by financial institutions and an occasional paper on the case studies on environmental risk analysis methodologies.
MAS published the guidelines on individual accountability and conduct at financial institutions.
APRA published final versions of the prudential standard APS 220 on credit quality and the reporting standard ARS 923.2 on repayment deferrals.
SRB published two articles, with one article discussing the framework in place to safeguard financial stability amid crisis and the other article outlining the path to a harmonized and predictable liquidation regime.
FSB hosted a virtual workshop as part of the consultation process for its evaluation of the too-big-to-fail reforms.
ECB updated the list of supervised entities in EU, with the number of significant supervised entities being 115.
OSFI published the key findings of a study on third-party risk management.
FSB is extending the implementation timeline, by one year, for the minimum haircut standards for non-centrally cleared securities financing transactions or SFTs.