How to think about systemic cyber risk in financial services

Date

July 18, 2023, 9:00 AM to 10:00 AM EDT
Virtual Event
Nicolas Véron (PIIE), James Freis (Market Integrity Solutions) and Alexandra Maniati (European Banking Federation)

Event Summary

The digitalization of finance and the transformation of the financial value chain—including widespread outsourcing of critically important roles to cloud service providers, a practice financial institutions increasingly employ—generate unprecedented patterns of dependencies and risks. Beyond operational imperatives, policymakers need to think holistically about what these new features mean for systemic risk and its appropriate mitigation.

Joining this episode of Financial Statements were:

HOST

Nicolas Véron
Senior Fellow, Peterson Institute for International Economics (PIIE)

GUESTS

James Freis
Founder, Market Integrity Solutions

Alexandra Maniati
Senior Director, Innovation & Cybersecurity, European Banking Federation

Video

Series

About This Series

Financial Statements is a biweekly virtual event series hosted by Nicolas Véron that explores changes in the world of finance, encompassing themes of financial services regulation, corporate finance and governance, systemic fragility and crises, and structural changes driving business and policy trends in the financial sector.