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US regulators are looking to pool their cyber testing regimes to try and reduce the testing burden on banks.
Everyone recognizes that Cyber is the biggest non-financial risk that the financial services sector faces. With the system being as strong as its weakest link, or less secure bank. There is a track record of co-ordination, with regulators adopting a similar approaches for other key risks like credit risk.
As single assessment methodology would reduce the number of questions, tests and simply oversight. Whilst not reducing the burden from European and other global regulators. However, you would like to think that the approach and questions would be similar.
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