US SEC should cancel 2023 cyber disclosure rules, banking group says
By Neil Roland ( June 5, 2026, 20:17 GMT | Insight) -- A major banking group urged the US Securities and Exchange Commission to eliminate its 2023 cybersecurity disclosure rules in light of frontier artificial intelligence models that expose companies to unprecedented threats. The Biden-era rules required publicly traded companies to report significant cyber incidents within four business days of determining their materiality, and to provide annual updates on their cyber risk management, strategy and governance. The Bank Policy Institute said in a blog that this window, in the current threat environment, “borders on irresponsible.”A major banking group urged the US Securities and Exchange Commission to eliminate its 2023 cybersecurity disclosure rules in light of frontier artificial intelligence models that expose companies to unprecedented threats....
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