Financial market infrastructures get cyber guidance
CPMI and Iosco say FMIs can channel financial shocks across domestic and international markets
Financial market infrastructures (FMI) must have a solid plan in place within a year to bolster their ability to get critical systems up and running within two hours of a cyber disruption, according to recently released guidance from a pair of industry organisations.
The Bank for International Settlements' Committee on Payments and Market Infrastructures (CPMI) and the board of the International Organization of Securities Commissions (Iosco) made the suggestion in its final report Guidance on
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