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EBA calls for coordinated oversight of banks’ defenses against hackers

( April 16, 2015, 15:30 GMT | Official Statement) -- MLex Summary: Supervisors of multinational banks should coordinate oversight of how lenders safeguard computer systems, amid rising concerns about cybercrime, the European Banking Authority said in its annual review of cooperation among regulators. Each bank’s college of supervisors — the authorities in all jurisdictions where it does business — also should consider conduct and governance matters, on top of their mandates to review capital plans and “living wills” to contain any failures, the EBA said.The following is the text of the statement. Click the attachment at bottom for related documents....

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