Sector Regulation Sector Regulation

Clearinghouses’ approach to cyberattacks varies significantly, global standard setters find

By Fiona Maxwell
  • 04 Aug 2022 12:41
  • 04 Aug 2022 12:41
The sophistication of clearinghouses’ risk management approaches to losses stemming from technological disruption such as cyberattacks varies “significantly,” international standard setters said today.

Some clearinghouses have taken approaches that “appear to be inconsistent” with global standards for financial market infrastructures, the Bank for International Settlements’ Committee on Payments and Market Infrastructures and the

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