Featured Product

    EU to Develop Cybersecurity Competence Center and Coordination Network

    December 11, 2020

    EC announced that EU institutions have reached a political agreement, subject to formal approval by the European Parliament and European Council, for development of the Cybersecurity Competence Center and the Network of National Coordination Centers. This initiative is intended to improve and strengthen technology and industrial cybersecurity capacities of EU and help create a safe online environment. Following this, member states will confirm the agreement on December 18 during the Committee of the Permanent Representatives of the Governments of the Member States to EU. The formal adoption from European Parliament and the Council is expected to take place in January 2021. EC will then start setting up the Cybersecurity Competence Center.

    The Cybersecurity Competence Center will be located in Bucharest. The Cybersecurity Competence Centre and Network will help EU and member states to take a proactive, longer-term, and strategic perspective to cybersecurity research, development, and industrial policy. This approach should help not only to come up with breakthrough solutions to the cybersecurity challenges which the private and public sectors are facing, but also support effective deployment of these solutions. The Center and the Network together will enhance technological sovereignty through large-scale cybersecurity projects in areas such as Cyber Threat Intelligence, Cyber secured hardware and operating systems, and security certification. Furthermore, they will allow relevant research and industrial communities, as well as public authorities, to gain access to key capacities, such as testing and experimentation facilities, which are often beyond the reach of individual member states due to insufficient financial and human resources.

     

    Related Link: Press Release

     

    Keywords: Europe, EU, Banking, Insurance, Securities, Cyber Risk, Cybersecurity Competence Center, Network of National Coordination Centers, Cyber Threat Intelligence, Cybersecurity Certification, EC

    Related Articles
    News

    EFRAG Proposes XBRL Taxonomy and Standard for Listed SMEs Under ESRS

    The European Financial Reporting Advisory Group (EFRAG), which plays a crucial role in shaping corporate reporting standards in European Union (EU), is seeking comments, until May 21, 2024, on the Exposure Draft ESRS for listed SMEs.

    February 23, 2024 WebPage Regulatory News
    News

    ECB to Expand Climate Change Work in 2024-2025

    Banking regulators worldwide are increasingly focusing on addressing, monitoring, and supervising the institutions' exposure to climate and environmental risks.

    February 23, 2024 WebPage Regulatory News
    News

    BIS Bulletin Examines Cognitive Limits of Large Language Models

    The use cases of generative AI in the banking sector are evolving fast, with many institutions adopting the technology to enhance customer service and operational efficiency.

    January 25, 2024 WebPage Regulatory News
    News

    ECB is Conducting First Cyber Risk Stress Test for Banks

    As part of the increasing regulatory focus on operational resilience, cyber risk stress testing is also becoming a crucial aspect of ensuring bank resilience in the face of cyber threats.

    January 24, 2024 WebPage Regulatory News
    News

    EBA Continues Momentum Toward Strengthening Prudential Rules for Banks

    A few years down the road from the last global financial crisis, regulators are still issuing rules and monitoring banks to ensure that they comply with the regulations.

    January 24, 2024 WebPage Regulatory News
    News

    EU and UK Agencies Issue Updates on Final Basel III Rules

    The European Commission (EC) recently issued an update informing that the European Council and the Parliament have endorsed the Banking Package implementing the final elements of Basel III standards

    December 19, 2023 WebPage Regulatory News
    News

    Industry Agency Expects Considerable Uptake for Swiss Climate Scores

    The Swiss Federal Council recently decided to further develop the Swiss Climate Scores, which it had first launched in June 2022.

    December 18, 2023 WebPage Regulatory News
    News

    BCBS Consults on Disclosure of Climate Risks, Issues Other Updates

    The Basel Committee on Banking Supervision (BCBS) launched consultation on a Pillar 3 disclosure framework for climate-related financial risks, with the comment period ending on February 29, 2024.

    December 18, 2023 WebPage Regulatory News
    News

    US Government Moves to Regulate Development and Use of AI Models

    The U.S. President Joe Biden signed an Executive Order, dated October 30, 2023, to ensure safe, secure, and trustworthy development and use of artificial intelligence (AI).

    December 18, 2023 WebPage Regulatory News
    News

    MAS Launches Gprnt Digital Platform for ESG Reporting for SMEs

    The Monetary Authority of Singapore (MAS) launched an integrated digital platform, Gprnt, also known as “Greenprint.”

    November 29, 2023 WebPage Regulatory News
    RESULTS 1 - 10 OF 8949