Bank Policy Institute to SEC: Ensure consistency, avoid duplication with existing rules in proposed cyber regulation

The Bank Policy Institute is expressing support for the goals of a proposed Securities and Exchange Commission cyber regulation for investment advisors and funds, while citing operational challenges and potential duplication with existing efforts in the SEC’s approach.

“We agree with the Commission regarding the importance of ensuring that, like other elements of the financial sector, SEC-supervised entities are subject to reasonably designed cybersecurity programs and are providing relevant entities with visibility into significant cyber incidents that could potentially impact...