ECB calls for new macro-pru approach to address cyber risks
Stress-testing should combine top-down and bottom-up elements, latest bulletin says
Cyber resilience stress-testing should be designed to address operational risks and reflect system-wide linkages, the European Central Bank argues.
In its latest macro-prudential bulletin, published today (March 10), the ECB says it is necessary to have a macro-prudential perspective specifically focused on cyber resilience.
“Current macro-prudential tools are calibrated to tackle risks stemming from financial activities such as excessive lending, but these tools are not specifically designed to
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