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Legal Update

US Federal Banking Agencies Invite Public Comment on Enhanced Cyber Risk Management Standards for Large and Interconnected Financial-Sector Entities

31 October 2016
Mayer Brown Legal Update
On October 19, 2016, the Board of Governors of the Federal Reserve System, Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation issued an advance notice of proposed rulemaking indicating that they were considering establishing new heightened cyber risk management standards for certain large financial institutions and their service providers.

Authors

  • Rajesh De
    Partner
    T +1 202 263 3366
  • Jeffrey P. Taft
    T +1 202 263 3293
  • Stephen Lilley
    T +1 202 263 3865
  • Matthew Bisanz
    T +1 202 263 3434
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