Treasury market urged to beef up operational resilience plans
NY Fed panel warns about impact of AI and reliance on critical third parties.
As artificial intelligence works its way into the functioning of the US Treasury market, proper awareness of the risks as well as the benefits is crucial, say cybersecurity experts and market participants.
“What we’re really focused on is what are the cybersecurity measures of the AI tools and capabilities,” said Cory Wilson, deputy assistant secretary for the Office of Cybersecurity and Critical Infrastructure Protection at the US Treasury. “Is cybersecurity built in as a core principle to the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Regulation
Technology alone is not enough for Europe’s T+1 push
Testing will be a key component of a successful implementation. However, the respective taskforces have yet to release more details on the testing schedules.
Waters Wavelength Ep. 338: BBH’s Mike McGovern
This week, Mike McGovern of Brown Brothers Harriman talks with Tony about the importance of open architectures and the need for better data management in this increasingly AI-driven world.
Plaintiffs propose to represent all non-database Cusip licensees in last 7 years
If granted, the recent motion for class certification in the ongoing case against Cusip Global Services would allow end-user firms and third-party data vendors alike to join the lawsuit.
S&P shutters NMRF solution amid audit questions
Vendors face adverse economics due to a low number of IMA banks and prospects of regulatory easing.
Row breaks out over cause of FX settlement fails
One European bank blames T+1 for a 50% jump in FX fails, but industry groups dispute the claims.
DTCC revamps tech abilities following global reporting overhaul
The Repository & Derivatives Services unit is implementing new technologies to help its clients keep up with changing reg reporting regimes.
When it comes to cybersec, the walls of separation are too high
Waters Wrap: Anthony examines some recent statements made by prominent cybersecurity experts and why those words might ring hollow.
Goldman’s credit reporting proposal sparks criticism
The shift to end-of-day and next-day reporting on large portfolio trades is seen as a step back for transparency.
