FSB Issues Public Consultation on Cyber Lexicon
FSB published a draft Cyber Lexicon for public consultation. The Cyber Lexicon comprises a set of 50 core terms related to cyber security and cyber resilience in the financial sector. Comments and responses to the questions set out in the consultative document should be submitted by 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. After considering the responses to this consultation, FSB will finalize the lexicon for delivery to the G20 Leaders’ Summit in Buenos Aires in November of this year.
Related Links
Comment Due Date: August 20, 2018
Keywords: International, Banking, Insurance, Securities, PMI, Cyber Risk, Cyber Lexicon, Regtech, FSB
Previous Article
PRA Publishes CP13/18 on Equity Release Mortgages Under Solvency IIRelated Insights
|
News
FSB Publishes the G-SIB List for 2018FSB published the 2018 list of global systemically important banks (G-SIBs) using end-2017 data and an assessment methodology designed by BCBS.
November 16, 2018
WebPage
Regulatory News
|
|
News
BCBS Publishes Additional Information on the 2018 G-SIB AssessmentBCBS published further information related to the 2018 assessment of global systemically important banks (G-SIBs), including additional details to help understand the scoring methodology.
November 16, 2018
WebPage
Regulatory News
|
|
News
CBB Proposes and Finalizes Rulebook Modules for Banks in November 2018CBB announced the issuance of new leverage ratio requirements under Module CA (Part 3) for Islamic (Chapter CA-10) and conventional bank licensees (Chapter CA-15).
November 15, 2018
WebPage
Regulatory News
|
|
News
OFR on Financial Stability Risks in Its 2018 Annual Report to CongressOFR released its 2018 Annual Report to Congress, which examines risks to the financial stability in the United States.
November 15, 2018
WebPage
Regulatory News
|
|
News
SRB Sets Expectations on Resolvability of Banks in Context of BrexitSRB published a position paper that presents its expectations about ensuring resolvability of banks in the context of Brexit.
November 15, 2018
WebPage
Regulatory News
|
|
News
PRA Publishes Final Policy on Capital Framework for SecuritizationPRA published the policy statement PS29/18, which provides feedback to responses to the consultation paper CP12/18 on the new EU framework and significant risk transfer for securitization.
November 15, 2018
WebPage
Regulatory News
|
|
News
IAIS Publishes Drafts of Revised ICP 8, ICP 15, ICP 16, and ICP 20IAIS published the drafts of revised Insurance Core Principles on Public Disclosure (ICP 20), Investments (ICP 15), Enterprise Risk Management for Solvency Purposes (ICP 16), and Risk Management and Internal Controls (ICP 8), along with a revised draft of the glossary on enterprise risk management (ERM).
November 14, 2018
WebPage
Regulatory News
|
|
News
PRA Updates Final Policy and Reporting Form for Leverage Ratio in UKPRA published the Policy Statement PS28/18, which provides feedback to responses to the consultation paper CP14/18 titled "UK leverage ratio: Applying the framework to systemic ring-fenced bodies and reflecting the systemic risk buffer."
November 14, 2018
WebPage
Regulatory News
|
|
News
IASB Could Extend Effective Date for IFRS 17 and IFRS 9 for InsurersIASB has voted to propose a one-year deferral—to 2022—of the effective date for the new insurance contracts standard IFRS 17. IASB also decided to propose extending to 2022 the temporary exemption for insurers to apply the financial instruments standard IFRS 9.
November 14, 2018
WebPage
Regulatory News
|
|
News
MAS Amends Notice 637 on Capital Adequacy Requirements in SingaporeMAS published the final, revised Notice 637 on the risk-based capital adequacy requirements in Singapore.
November 13, 2018
WebPage
Regulatory News
|
