, with many using both, according to S&P Global’s 451 Research. A disruption or failure through a hack or natural disaster could upend operations and cause a panic.
after the 2008 financial crisis. Other FSOC members have their own expertise: the SEC’s is over capital markets, for example. None of this would stop tech firms’ financial march, but it would slow them down. Regulated entities would need to have their own chief executive, board and come up with rules on cybersecurity and other areas. British authorities recently floated ato make sure the financial system could withstand a cloud-computing snafu, including regular cyber resilience tests.
GinaChon FSOC 🤣🤣🤣. I hate socks too 🤗.
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