U.S. banking regulators on Wednesday unveiled a proposal to enhance cybersecurity risk-management and resilience standards for the largest banks and their interconnected entities.
The proposed joint standards by the Federal Reserve Board, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency would apply to depository institutions and depository institution holding companies with assets of $50 billion or more, U.S. operations of foreign banking organizations with U.S. assets of $50 billion or more, and financial market infrastructure companies and nonbank financial companies supervised by the Federal Reserve.
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