Firms must work together against CCP cyber threat – Voormeulen

Collaboration and information sharing are vital, says co-chair of CPMI-Iosco working group

computer security
Cyber crime is one of the biggest concerns of regulators, says Voormeulen

Co-operation between industry players is crucial to addressing the risk of a catastrophic cyber attack on a large central counterparty (CCP), says Coen Voormeulen, co-chair of the working group on cyber resilience for financial market infrastructures.

The group, formed jointly by the Basel-based Committee on Payments and Market Infrastructures (CPMI) and the Madrid-based International Organization of Securities Commissions (Iosco), began a consultation on its Guidance on cyber resilience for

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