Bank of Italy has published six new Occasional Papers (nn. 759-764):
- No. 764 – What drives house prices in Europe?
- No. 763 – Fintech, investor sophistication and financial portfolio choices
- No. 762 – Looking beyond the curtain: pass-through capital and round-tripping in Italy’s foreign direct investment
- No. 761 – How can Big Data improve the quality of tourism statistics?The Bank of Italy’s experience in compiling the “travel” item in the Balance of Payments
- No. 760 – A probabilistic method for reconstructing the foreign direct investments network in search of ultimate host economies
- No. 759 – Chinese data governance and trade policy: from cyber sovereignty to the quest for digital hegemony?
The Financial Stability Board proposes a new integrated approach to foster greater convergence among cyber incident reporting schemes.
An effective reporting of cyber incidents by financial entities is of utmost importance for financial stability. Based on input from the G20 Finance Ministers and Central Bank Governors, the Financial Stability Board has recently published three documents aimed at promoting the harmonization of cyber incident reporting. These documents are:
- A set of 16 recommendations, addressed to supervisors and financial intermediaries, on the main challenges hindering greater harmonization in cyber incident reporting and the best practices to be adopted;
- An update to the ‘Financial Stability Board Cyber-Lexicon’, first published in 2018 and which includes some additional terms related to cyber incident reporting, to encourage the adoption of a common terminology as a fundamental element for greater convergence;
- A proposal to develop a common format for the exchange of incident reports (FIRE), which can be adopted by financial authorities to share information on cyber incidents. Work on developing the format will start during 2023.
EBA has published an updated list of institutions, which have a reporting obligation for the purpose of the 2023 EU supervisory benchmarking exercise. EBA will be conducting the 2023 benchmarking exercise on a sample of 117 institutions from 16 countries across the EU and the European Economic Area.