IMF report looks at cyber risk, market failures in cybersecurity and financial stability risks
International Monetary Fund report examines properties of cyber risk, discusses why the private market can fail to provide the socially optimal level of cybersecurity, and explores how systemic cyber risk interacts with other financial stability risks. Examines current regulatory frameworks and supervisory approaches, and identifies information asymmetries and other inefficiencies that hamper detection and management of systemic cyber risk. Discusses policy measures that can increase the resilience of the financial system to systemic cyber risk.
Publisher:
International Organizations
Release date:
Aug 2017
Type:
Consultative, discussion and issues paper
Topics:
Cyber risk
Sectors:
Banking, Insurance, Securities
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