Featured Product

    ECB Publishes Guidance on Role of White Team in TIBER-EU Test

    December 17, 2018

    ECB published guidance on the roles and responsibilities of the White Team in a Threat Intelligence-Based Ethical Red Teaming (TIBER-EU) test. The guidance covers the roles and responsibilities of the White Team during the preparation, testing, and closure phases of a TIBER-EU test; the composition of the White Team; the requisite skills and experience of the White Team; and the organizational aspects of the White Team.

    The TIBER-EU White Team Guidance is an integral part of the TIBER-EU Framework. The TIBER-EU framework enables European and national authorities to work with financial infrastructures and institutions to put in place a program to test and improve their resilience against sophisticated cyber attacks. TIBER-EU is an instrument for red team testing, designed for use by core financial infrastructures, whether at national or at European level, which can also be used by any type or size of entity across the financial and other sectors. TIBER-EU is designed to be adopted by the relevant authorities in any jurisdiction, on a voluntary basis and from a variety of perspectives, as a supervisory or oversight tool, for financial stability purposes, or as a catalyst. So far, ECB has published guidance on implementing the TIBER-EU Framework and Guidelines for the TIBER-EU Services Procurement Guidelines.

    The White Team is the team—within the entity being tested—that is responsible for the overall planning and management of the test, in accordance with the TIBER-EU Framework. The members of the White Team are the only people within the entity being tested that know that a TIBER-EU test is taking place. The White Team must ensure that the TIBER-EU test is conducted in a controlled manner, with appropriate risk management controls in place, while maximizing the learning experience for the entity. For this, the White Team must closely cooperate with the TIBER Cyber Team (TCT) from the respective authority.

     

    Related Link: TIBER-EU White Team Guidance (PDF)

    Keywords: Europe, EU, Banking, Securities, PMI, Cyber Risk, Cyber Resilience, TIBER-EU, White Team, ECB

    Related Articles
    News

    APRA Reviews Repayment Deferral Plans, Identifies Best Practices

    APRA has concluded its review of the comprehensive plans of authorized deposit-taking institutions for the assessment and management of loans with repayment deferrals.

    September 22, 2020 WebPage Regulatory News
    News

    ESAs Assess Risks to Financial Sector After COVID-19 Outbreak

    ESAs (EBA, EIOPA, and ESMA) published the first joint report that assesses risks in the financial sector since the outbreak of the COVID-19 pandemic.

    September 22, 2020 WebPage Regulatory News
    News

    BoE Confirms Withdrawal of COVID Corporate Financing Facility

    BoE and HM Treasury confirmed that the COVID Corporate Financing Facility (CCFF) will close for new purchases of commercial paper, with effect from March 23, 2021.

    September 22, 2020 WebPage Regulatory News
    News

    ECB Allows Temporary Relief in Leverage Ratio Amid COVID-19 Pandemic

    ECB published a decision allowing the euro area banks under its direct supervision to exclude certain central bank exposures from the leverage ratio.

    September 21, 2020 WebPage Regulatory News
    News

    ESAs Launch Survey on Templates for Product Disclosures Under SFDR

    ESAs launched a survey seeking feedback on the presentational aspects of product templates under the Sustainable Finance Disclosure Regulation (SFDR or Regulation 2019/2088).

    September 21, 2020 WebPage Regulatory News
    News

    ECB Proposes Integrated Reporting Framework to Reduce Burden for Banks

    ECB published input of the European System of Central Banks (ESCB) into the EBA feasibility report on reducing the reporting burden for banks in EU.

    September 21, 2020 WebPage Regulatory News
    News

    EC Deems UK Framework for CCPs Temporarily Equivalent to EMIR Rules

    EC adopted a decision determining, for a limited period of time, that the regulatory framework applicable to central counterparties, or CCPs, in the UK and Northern Ireland is equivalent to the requirements laid down in the European Market Infrastructure Regulation (EMIR or Regulation 648/2012).

    September 21, 2020 WebPage Regulatory News
    News

    EBA to Phase Out Guidelines on Loan Repayment Moratoria

    EBA has decided to phase out the guidelines on legislative and non-legislative moratoria of loan repayments, in accordance with the earlier specified end of September deadline.

    September 21, 2020 WebPage Regulatory News
    News

    EBA Provides Opinion on Definition of Credit Institution in CRR

    EBA published an Opinion addressed to EC to raise awareness about the opportunity to clarify certain issues related to the definition of credit institution in the upcoming review of the Capital Requirements Directive and Regulation (CRD and CRR).

    September 18, 2020 WebPage Regulatory News
    News

    ECB Finalizes Methodology to Assess CCR and A-CVA Risk of Banks

    ECB finalized the guide on assessment methodology for the internal model method for calculating exposure to counterparty credit risk (CCR) and the advanced method for own funds requirements for credit valuation adjustment (A-CVA) risk.

    September 18, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5820