A post by @FirstSquawk on X.
TAKAICHI SAYS FORMULATED EMERGENCY RESPONSE PACKAGE ON CYBERATTACKS
@FirstSquawk on X
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Japan’s financial regulator has formulated an emergency response package to address cyberattacks, according to comments from Financial Services Agency head Takaichi. The package is intended to speed up coordination and support for financial institutions hit by cyber incidents, though the announcement did not specify funding amounts or the number of firms covered. The move matters because cyber resilience is a growing supervisory priority for banks, insurers and market infrastructure, where outages or breaches can disrupt payments and trading. What to watch next is how the FSA translates the package into concrete requirements, reporting timelines and any capital or operational-resilience expectations for regulated firms.
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Takaichi