(Archived Content)
Today, Deputy Secretary Sarah Bloom Raskin hosted top officials of the Financial and Banking Information Infrastructure Committee (FBIIC) to discuss cybersecurity policy issues in the financial sector. The Treasury Department chairs this Committee, which coordinates critical infrastructure matters in the financial sector.
At today’s meeting, the FBIIC discussed ongoing efforts to enhance information sharing on cyber vulnerabilities, including updates on the work completed by the Information Sharing Working Group, and from the Chief Information Officer and Chief Information Security Officer Subcommittee on efforts to promote the security of federal agency networks, systems, and data.
FBIIC members also received a briefing regarding the Advance Notice of Proposed Rulemaking (ANPR) issued by the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) regarding enhanced cyber risk management standards for large and interconnected financial entities. Participants also received an update on the adoption of the G-7 Fundamental Elements of Cybersecurity for the Financial Sector.
Meeting participants included:
Sarah Bloom Raskin, Deputy Secretary, U.S. Department of the Treasury
Caroline Jones, Chair, American Council of State Savings Supervisors
Timothy Massad, Chairman, Commodity Futures Trading Commission
Charles Cooper, Chairman of the Board of Directors, Conference of State Bank Supervisors
Richard Cordray, Director, Consumer Financial Protection Bureau
Martin Gruenberg, Chairman, Federal Deposit Insurance Corporation
Janet Yellen, Chair, Federal Reserve Board
Daniel Tarullo, Governor, Federal Reserve Board
Charles Evans, President & CEO, Federal Reserve Bank of Chicago
William Dudley, President, Federal Reserve Bank of New York
Adam Hamm, Commissioner, National Association of Insurance Commissioners
Mary Ellen O’Neill, Chair, National Association of State Credit Union Supervisors
Rick Metsger, Chairman, National Credit Union Administration
Michael Rothman, President Elect, North American Securities Administrators Association
Thomas J. Curry, Comptroller, Office of the Comptroller of the Currency
Mary Jo White, Chair, Securities and Exchange Commission
Stephen P. Harbeck, President & CEO, Securities Investor Protection Corporation
About the FBIIC:
The FBIIC consists of 18 member organizations from across the financial regulatory community, both federal and state. It was chartered under the President’s Working Group on Financial Markets following September 11, 2001 to improve coordination and communication among financial regulators, enhance the resiliency of the financial sector, and promote public-private partnership.
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