The European Banking Federation (EBF), the Global Financial Markets Association (GFMA, comprised of ASIFMA, AFME and SIFMA) and the International Swaps and Derivatives Association (ISDA) today announced they are seeking to encourage effective global policy measures on cybersecurity, data and technology through a new set of common principles.
The principles are published in the paper called International Cybersecurity, Data and Technology Principles, and are designed as a starting point for dialogue with policy-makers, industry and other stakeholders at the global level. The principles offer key considerations to be taken into account when a nation or one of its agencies or standard-setting bodies creates laws, regulations, or standards that affect the technology infrastructure of financial services firms operating globally.
The groups are submitting these principles to the Financial Stability Board (FSB) and the International Organization of Securities Commissions (IOSCO), each uniquely positioned as international standard-setting organizations, to seek their views and guidance on this process. For the full article click here
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