IOSCO publishes paper on cyber-crime, systemic risk and global securities markets

Stocks and Financial Services Press Releases Tuesday July 23, 2013 09:17
Madrid--23 Jul--Asian Banker

Madrid/ Paris, July 16th 2013 - The Research Department of the International Organization of Securities Commissions (IOSCO) today published a joint Staff Working Paper, with the World Federation of Exchanges (WFE), entitled Cyber-crime, securities markets and systemic risk.

The report explores the evolving nature of cyber-crime in securities markets and the threat it poses to the fair and efficient functioning of markets. Importantly, it highlights the urgent need to consider cyber threats to securities markets as a potential systemic risk.

Cyber-crime in securities markets and systemic risk

The first part of the report assesses what is known of the cyber-threat so far. It also presents a framework for monitoring the extent of cyber-crime in securities markets going forward. This is in line with IOSCO


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