A system intended to unify collateral management systems for 20 Euro area national central banks has just gotten the green light from a key group within the European Central Bank (ECB). It is slated to go live by mid-June. The Governing Council of the ECB “has confirmed that the new Eurosystem Collateral Management System (ECMS)… Read More >>
NY Regulator Warns of Third-Party Cyber-Security Risk
Financial services firms are largely ignoring the critical role third-party vendors play in an overall cyber-security strategy, a blind spot that could make them vulnerable to infiltration, according to a recent report by the New York Department of Financial Services (NYDFS). The report, titled “Report on Cyber Security in the Banking Sector,” is based on… Read More >>
