Citation[]
Bank for International Settlements & OICU-IOSCO, Guidance on Cyber Resilience for Financial Market Infrastructures (June 2016) (full-text).
Overview[]
The Cyber Guidance requires FMIs to instill a culture of cyber risk awareness and to demonstrate ongoing re-evaluation and improvement of their cyber resilience posture at every level within the organization. The Cyber Guidance does not establish additional standards for FMIs beyond those already set out in the Principles for Financial Market Infrastructures (PFMI). Instead, the document is intended to be supplemental to the PFMI, primarily in the context of governance (Principle 2), the framework for the comprehensive management of risks (Principle 3), settlement finality (Principle 8), operational risk (Principle 17), and FMI links (Principle 20).