Basel Committee Publishes Report on Cyber-Resilience Practices

14 December 2018
View Debevoise Update
Key takeaways:
  • On December 4, 2018, the Basel Committee on Banking Supervision published a report on “Cyber-resilience,” intended to help banks and supervisors “navigate the regulatory environment” and offering insight into practices and expectations across jurisdictions.
  • The report examines cyber-resilience across four broad dimensions: (1) governance and culture, (2) risk measurement and assessment of preparedness (both in prevention and recovery/learning); (3) communication and information-sharing and (4) interconnections with third parties.