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Securing the Global Ledger: Balancing Proportionality and Resilience in Financial Cyber Risk
Description
The International Monetary Fund (IMF) actively strengthens the global financial system by evaluating national cyber frameworks through the Financial Sector Assessment Program (FSAP) and providing demand-driven Technical Assistance to address increasingly sophisticated threats. Effective regulation requires a delicate balance between principles-based flexibility and prescriptive rules, while ensuring that supervisory intensity is proportionate to an institution's size and systemic importance. However, because the financial sector is an interconnected chain, regulators must ensure that even small institutions maintain a baseline of security to prevent them from becoming the "weakest link" that triggers a systemic crisis.
www.securitycareers.help/good-practices-in-cyber-risk-regulation-and-supervision
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