Experts question CPMI-Iosco cyber guidance

Toy soldiers on keyboard representing cyber security — CPMI and Iosco are calling on FMIs to beef up their cyber defences

Paige Long
@paigielong
25 Jul 2016

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The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (Iosco) published their final Guidance on cyber resilience for financial market infrastructures on June 29. But industry sources say it would be difficult and even dangerous to comply with some of the groups’ expectations – in particular, a requirement that financial market infrastructures (FMIs) resume services rapidly following an extreme cyber attack.

Worries about the

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