Central Banking

CPMI-Iosco launch plan for two-hour cyber attack recovery

FMIs will have 12 months to draw up plans

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The CPMI is based at the BIS building in Basel

International standard-setters published the first globally agreed guidelines on cyber resilience today (June 29), emphasising the importance of a rapid response to attacks.

The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (Iosco) jointly prepared the guidelines, which they say will help national authorities ensure a "systematic" approach to cyber resilience at financial market infrastructures (FMIs).

"This is a landmark

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FedNow – at last

The instant payment system might help fix the US’s rusty payment rails, but it also faces competition, says Dave Birch

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