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Today, Deputy Secretary Sarah Bloom Raskin hosted top officials of the Financial and Banking Information Infrastructure Committee (FBIIC) to discuss cybersecurity policy issues in the financial sector. Treasury chairs this committee of federal and state financial regulators and organizations that coordinate on critical infrastructure matters in the financial sector.
Through these regular meetings, FBIIC senior leadership coordinates inter-agency cybersecurity policy developments, including strengthening information sharing on cyber vulnerabilities, threats and incidents; furthering the adoption of cybersecurity best practices; and enhancing the financial sector’s ability to respond to and recover from cyber incidents.
At today’s meeting, Assistant to the President for Homeland Security and Counterterrorism Lisa Monaco provided an overview of the current cyber threat landscape and Administration priorities in cybersecurity, including efforts to better secure government and critical infrastructure as well as share information about cyber threats. FBIIC members also discussed ongoing progress in addressing the cybersecurity challenges faced by the financial sector by leveraging the unique authorities, capabilities, and insights of each FBIIC agency and organization. The group also discussed ways to increase sharing of cybersecurity information, efforts to facilitate coordination on cybersecurity supervisory policies and approaches, and ways to build additional response and recovery capabilities.
Meeting participants included:
Sarah Bloom Raskin, Deputy Secretary, U.S. Department of the Treasury
Timothy Massad, Chairman, Commodity Futures Trading Commission
David Cotney, Chairman of the Board of Directors, Conference of State Bank Supervisors
Ken Spearman, Chairman, Farm Credit Administration
Janet Yellen, Chair, Federal Reserve Board
Daniel Tarullo, Governor, Federal Reserve Board
Charles Evans, President & CEO, Federal Reserve Bank of Chicago
William Dudley, President, Federal Reserve Bank of New York
Adam Hamm, Commissioner, National Association of Insurance Commissioners
Stephen Pleger, Chair, National Association of State Credit Union Supervisors
Michael Rothman, President Elect, North American Securities Administrators Association
Thomas J. Curry, Comptroller, Office of the Comptroller of the Currency
Mary Jo White, Chair, Securities and Exchange Commission
Stephen P. Harbeck, President & CEO, Securities Investor Protection Corporation
Maria T. Vullo, Acting Superintendent, New York State Department of Financial Services
