Editor’s Note: Avoidance of overlapping, duplicative and conflicting regualations is the reason why cybersecurity regulation needs to be coordinated acorss federal agencies and between the federal agencies and State regulators. For more information, see Why OIRA Needs to Coordinate Federal Cyber Security Regulation.
From: American Banker
The Office of the Comptroller of the Currency says its cybersecurity exams already include many of the same requirements New York’s financial regulator recently spelled out for assessments of state-chartered banks.
In an article last week, American Banker compared New York Department of Financial Services Superintendent Benjamin Lawsky’s forthcoming cybersecurity exams to the feds’ exams. Lawsky has said he wants to “encourage a laser-like focus on this issue by both banks and regulators.”
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