The European Commission (EC) is inviting proposals, until February 15, 2023, for innovative cybersecurity solutions and is launching a call for expression of interest to select entities in member states that will host and operate cross-border cyber threat detection platforms.
The EC invitation on proposals for innovative cybersecurity solutions and for application of EU funding under the Digital Europe Program is intended to support the implementation of the new rules on cybersecurity under the Network and Information Systems (NIS2 Directive) into national legislation. It will also support the Security Operations Centers across the EU to collect and share information on cyber incidents. The aim is to help boost the cybersecurity resilience and capacity to protect, detect, defend, and deter cyber-attacks. In another development, EC, in coordination with the European Cybersecurity Competence Center (ECCC), is launching a call for expression of interest to select entities in member states, which will host and operate cross-border cyber threat detection platforms, each bringing together relevant public entities from several member states as well as private entities. Announced in the 2020 European Cybersecurity Strategy, and more recently in the Joint Communication on European Cyber Defense Policy, this is the first phase in the creation of a cross-border infrastructure of European Security Operations Centers (SOC), powered by artificial intelligence and other cutting-edge technologies.
Keywords: Europe, EU, Banking, Cyber Risk, Cloud Computing Services, European Cybersecurity Strategy, Suptech, EC
Previous ArticlePBC Notice Discusses Financial Support for Real Estate Markets
The finalization of the two sustainability disclosure standards—IFRS S1 and IFRS S2—is expected to be a significant step forward in the harmonization of sustainability disclosures worldwide.
Decentralized finance (DeFi) is expected to increase in prominence, finding traction in use cases such as lending, trading, and investing, without the intermediation of traditional financial institutions.
The Basel Committee on Banking Supervision (BCBS) published reports that assessed the overall implementation of the net stable funding ratio (NSFR) and the large exposures rules in the U.S.
At the global level, supervisory efforts are increasingly focused on addressing climate risks via better quality data and innovative use of technologies such as generative artificial intelligence (AI) and blockchain.
The finalization of the IFRS sustainability disclosure standards in late June 2023 has brought to the forefront the themes of the harmonization of sustainability disclosures
The European Banking Authority (EBA) recently issued several regulatory publications impacting the banking sector.
The Basel Committee on Banking Supervision (BCBS) launched a consultation on revisions to the core principles for effective banking supervision, with the comment period ending on October 06, 2023.
The U.S. banking agencies (FDIC, FED, and OCC) recently proposed rules implementing the final Basel III reforms, also known as the Basel III Endgame.
The Financial Stability Board (FSB) recently published the second annual progress report on the July 2021 roadmap to address climate-related financial risks.
The recognition of climate change as a systemic risk to the global economy has further intensified regulatory and supervisory focus on monitoring of the environmental, social, and governance (ESG) risks.