Managers might see cybersecurity regulations soon

From: Pensions & Investments

Upcoming bank rules could serve as a model for money management firms

Cybersecurity rules for the U.S. banking industry could eventually be extended to money managers, sources said.

In October, the Federal Reserve, Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. issued a call for input on what cybersecurity rules should be applied to banks and bank holding companies. What comes out of those efforts could serve as a prototype for cybersecurity regulations at the Securities and Exchange Commission and the Commodity Futures Trading Commission, the sources said.

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