State, federal bank regulators briefed on Treasury-led cyber drill

Jul 22

The Financial and Banking Information Infrastructure Committee comprises 18 federal regulators and state-level regulatory associations such as the Conference of State Bank Supervisors.

Shaun Waterman

Federal and state financial regulators have been briefed on the results of the latest Treasury-led cybersecurity exercise, which explored the risk of a banking system collapse resulting from a cyberattack.

Members of the Financial and Banking Information Infrastructure Committee (FBIIC), which comprises 18 federal regulators and state-level regulatory associations such as the Conference of State Bank Supervisors, met Tuesday in Washington, according to a brief readout provided by a Treasury official.

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