September 14, 2018

At a roundtable in Paris that was hosted by the Bank of France, key global and regional payment, clearing, and settlement operators met to discuss cyber-security and the resilience of financial market infrastructures (FMIs) and the wider market ecosystem. Senior executives, along with financial authorities, discussed continued collaboration and preparation for, and responses to, cyber-incidents, with focus on cross-border actions.

The meeting was convened by the international standard-setting bodies for FMIs—CPMI and IOSCO—who issued the 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.

 

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Keywords: International, PMI, Banking, FMI, Cyber Resilience, Cyber Risk, CPMI, IOSCO, BIS

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