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.