It is up to the relevant authorities and the entities themselves to determine if and when TIBER-EU based tests are performed, tests will be tailor-made and will not result in a pass or fail – rather they will provide the tested entity with insight into its strengths and weaknesses, and enable it to learn and evolve to a higher level of cyber maturity.

The ECB

Categorized in : Technology

Neither ECB internal systems nor market-sensitive data were affec... by The ECB

Neither ECB internal systems nor market-sensitive data were affected.

Prices seem detached from their underlying fundamentals. by The ECB

Prices seem detached from their underlying fundamentals.

The Governing Council expects the key ECB interest rates to remain at their present levels at least through the summer of 2019 and in any case for as long as necessary (to get inflation. back to near 2 percent).

We expect the forward guidance to be updated and link the rate path more directly to inflationary developments.

The test objectives ... are the flags that the RT provider must attempt to capture during the test as it progresses through the scenarios.

Despite the large number of conducted cases and settlements to date, the expected costs of past misconduct remain substantial, this may suggest further pressures on banks' profitability and internal capital-accumulation capacity.