FSB urges market participants to act expeditiously to ensure an orderly transition and that their legacy contracts are prepared to transition by end-June 2023.
Announcements
13 April 2023
FSB sets out three ways to achieve greater convergence in cyber incident reporting: issuing recommendations to address impediments to achieving greater harmonisation in cyber incident reporting, advancing the development of common terminologies related to cyber incidents and taking forward work to develop a common format for incident reporting exchange (FIRE).
FSB Chair’s letter notes the need to learn lessons from recent events in the banking sector and outlines the cyber incident reporting recommendations that the FSB is delivering to the meeting.