ECB publishes the cyber resilience oversight expectations

The European Central Bank (ECB) publishes today the final cyber resilience oversight expectations for financial market infrastructures.

The document, based on the global guidance on cyber resilience delivered by CPMI-IOSCO in June 2016, serves three key purposes: it provides FMIs with detailed steps on how to operationalise the guidance, ensuring they are able to foster improvements and enhance their cyber resilience over a sustained period of time; it provides overseers with clear expectations to assess FMIs under their responsibility; and it provides the basis for a meaningful discussion between the FMIs and their respective overseers.