Regulatory Alerts2015-12-23 | 2015-32144System Safeguards Testing Requirements for Derivatives Clearing Organizations
The Commodity Futures Trading Commission proposes enhanced requirements for derivatives clearing organizations to test their system safeguards against evolving cybersecurity threats. The rulemaking aims to ensure these entities regularly verify the effectiveness of their backup resources, disaster recovery plans, and operational resilience through rigorous testing protocols. These changes are intended to mitigate operational risk and maintain the stability of the financial sector amidst increasing cyber-attack sophistication.
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