Cyber-risks in modern finance: building operational and regulatory resilience

Author(s)
McCarthy, Jonathan
Keywords
Banking services
Banking supervision
Cyber attacks
Cyber risks
Cybersecurity
Data security
EU law
International standards
European Union
Financial regulation

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URI
http://hdl.handle.net/20.500.12424/4302131
Online Access
https://hdl.handle.net/10468/15329
Abstract
The article argues that operational resilience against cyber-risks in finance is inextricably intertwined with the resilience of regulatory frameworks. The article pinpoints patterns in cybersecurity threats since the COVID-19 pandemic and describes progress towards international standard-setting. The European Union’s (EU’s) Digital Operational Resilience Act is considered as an example of a regime to mitigate cyber-risks. The article emphasises difficulties involved in establishing precise testing and reporting standards. Legislation cited: Regulation 2022/2554 on digital operational resilience for the financial sector
Date
2023-12-19
Type
Article (peer-reviewed)
Identifier
oai:cora.ucc.ie:10468/15329
McCarthy, J. (2023) 'Cyber-risks in modern finance: building operational and regulatory resilience', Journal of International Banking Law and Regulation, J.I.B.L.R. 38(7), pp. 233-241
241
1742-6812
7
Journal of International Banking Law and Regulation
233
https://hdl.handle.net/10468/15329
38
Copyright/License
© 2023. This is a pre-copyedited, author-produced version of an article accepted for publication in Journal of International Banking Law and Regulation following peer review. The definitive published version J.I.B.L.R. 2023, 38(7), 233-241 is available online on Westlaw UK.
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