As Shakespeare noted in Henry IV, Part 1, discretion is the better part of valor, which, translated, means it’s better to be safe than sorry. This is especially true when it comes to cybersecurity protections. Major geopolitical events have been making financial services firms anxious about an acceleration in cyberattacks. In response, the Financial Industry… Read More >>
Key Groups Challenge SEC’s Cyberattack Disclosure Processes
Key securities industry trade associations are challenging the disclosure procedures of a cybersecurity rule adopted in 2023 by the U.S. Securities and Exchange Commission (SEC), asking the regulator to return to a principles-based disclosure regime. SIFMA, the American Bankers Association (ABA), the Bank Policy Institute (BPI), the Independent Community Bankers of America (ICBA), and the… Read More >>
New CFTC Chairman Faces Long To-Do List
Heath P. Tarbert, the Acting Under Secretary for the U.S. Department of the Treasury, has won Senate confirmation to be the next chairman of the CFTC, and will face regulatory concerns ranging from finishing Dodd-Frank reforms to the emergence of instruments based on crypto-currencies during his term, slated to last until April 2024. Following the… Read More >>
