ESAs publish Joint Advice on Information and Communication Technology risk management and cybersecurity

On 10 April 2019, the European Supervisory Authorities (ESAs) published two pieces of Joint Advice in response to requests made by the European Commission in its March 2018 FinTech Action Plan:

• Joint Advice on the need for legislative improvements relating to Information and Communication Technology (ICT) risk management requirements in the European Union (EU) financial sector
• Joint Advice on the costs and benefits of a coherent cyber resilience testing framework for significant market participants and infrastructures within the EU financial sector