Financial regulator cites commitment to industry-driven cyber approaches

Federal financial regulators are committed to aligning their efforts with voluntary tools like the NIST framework of cybersecurity standards, according to a source in a key regulatory agency, who said ongoing government harmonization and streamlining activities will have tangible positive results for the financial sector.

“A lack of new rules” on cybersecurity will be one tangible outcome for industry, the regulatory source said, adding that in this case, “A negative can be a positive result.”

For instance, “we will not...