A really poignant update from the chair of the SEC on the role of finance in society and the importance of financial stability, as it relates to€¦

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A really poignant update from the chair of the SEC on the role of finance in society and the importance of financial stability, as it relates to today and has throughout rear term history. Time has shown through history that financial stability and the resilience of the financial system has always been a challenge.

With the role of the SEC to prevent and manage ‘fires and resiliency’ (see Mrs. O€„¢Leary€„¢s Cow). The article alludes to cybersecuirty, along with other threats as a modern day ‘Mrs. O€„¢Leary€„¢s Cow’. A risk that the regulator takes seriously and has proposed regulation to address. Cyber is a risk that sits alongside other tradition financial risks such as inflation, interest rates and risks that present challenges for the future such as the digital economy, AI and moral hazard.

One wonders if and when the SEC cyber proposal will be formalized.

Ted Dziekanowski

#cybersecurity #resilience #financialstability

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