FSB members press ahead with new cyber-risk rules

The Bank for International Settlements, Basel
Photo: Ulrich Roth

Regulators across the globe are scrambling to implement frameworks for cyber security in the financial sector, including new regulations, guidance and supervisory practices.

The Financial Stability Board reports 72% of its member jurisdictions plan to implement new measures on cyber security at some point in the next year. All jurisdictions have publicly released regulations or guidance covering at least part of the financial system.

“Authorities across the globe have taken regulatory and

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