Guidance on cyber resilience for financial market infrastructures - CPMI-IOSCO consultative paper

CPMI Papers  |  No 138  | 
24 November 2015

Financial market infrastructures (FMIs) play a critical role in promoting the stability of the financial system. In this context, the level of operational resilience of FMIs, including cyber resilience, can be a decisive factor in the overall resilience of the broader financial system.

This consultative document provides principles-based guidance for FMIs to enhance their cyber resilience, cognisant of the dynamic nature of cyber threats and the importance of interconnected entities for the resilience of individual FMIs. This guidance also recognises some of the unique challenges that cyber risk presents to FMIs' traditional operational risk management frameworks, such as the need for a fast and safe resumption of core services following a cyber attack. In doing so, it does not aim at introducing new standards but rather at elaborating on the principles which are already established in the Principles for financial market infrastructures (PFMI).

Comments on the report should be submitted by Tuesday 23 February 2016 via e-mail to both the CPMI Secretariat and the IOSCO Secretariat.