On 27 February 2020, the European Central Bank (ECB) published the introductory remarks from Fabio Panetta (ECB Executive Board member) at the fourth meeting of the Euro Cyber Resilience Board for pan-European Financial Infrastructures.

Key points in the remarks include:

  • the ECB’s 2018 cyber resilience oversight expectations are now being followed by financial infrastructure operators across Europe;
  • the European Framework for Threat Intelligence-based Ethical Red Teaming (TIBER-EU) has been adopted by the ECB in its oversight capacity and, at the national level by Belgium, Denmark, Germany, Ireland, Italy, the Netherlands, Romania and Sweden. It is close to adoption in Norway and Finland; and
  • the ECB is launching the Cyber Information and Intelligence Sharing Initiative (CIISI-EU). This initiative will allow the most important financial infrastructures to share vital technical information among themselves using an automated platform. Members will create a trusted community where they will meet to discuss cybersecurity threats and share related intelligence and best practices.