FIA EPTA letter on the European Commission consultation on a digital operational resilience framework for financial services

18 March 2020

FIA EPTA appreciates the opportunity to respond and feed into the European Commission’s consultation on improving resilience against cyberattacks for the financial services sector. Maintaining high cybersecurity standards is vital for FIA EPTA member firms and we agree with the European Commission on the importance of ensuring a safe and resilient financial system. When developing new rules and standards in relation to cybersecurity and cyber-resilience, it is, however, important to remember that the financial markets are made up of a broad variety of institutions of different sizes, structure and risk. In line with this, we encourage the European Commission to take a proportionate approach when introducing new legislation and avoid a ‘one-size fits all’ approach.

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