The Board of Governors of the Federal Reserve adopted new operational risk management requirements for systemically important designated clearing organizations.
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The CFTC extended the comment period until April 1, 2024, for a proposed rule that would require that futures commission merchants and swap dealers establish and maintain an "Operational Resilience Framework."
The CFTC proposed a rule to require that futures commission merchants and swap dealers establish and maintain an "operational resilience framework" focusing on three components: information and technology security, third-party relationships and disruptions to standard business operations.
The CFTC Division of Enforcement established a Cybersecurity and Emerging Technologies Task Force and an Environmental Fraud Task Force.
In remarks before the FIA International Derivatives Conference, CFTC Commissioner Christy Goldsmith Romero argued that the financial industry must move from a "mentality of incident response to one of cyber resilience."