Basel Committee on Banking Supervision Publishes Report on Cyber-Resilience Practices

Sullivan & Cromwell LLP - December 10, 2018
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On December 4, 2018, the Basel Committee on Banking Supervision (the “Basel Committee”) published a report entitled “Cyber-resilience: Range of practices,” which broadly surveys and compares the range of bank, regulatory and supervisory cyber-resilience practices across jurisdictions.  According to the Basel Committee, the report is intended to help banks and supervisors “navigate the regulatory environment and will serve as a useful input for identifying areas where further policy work by the Committee may be warranted.”