But there’s a problem, the firm notes: “Our data suggests that despite acknowledging clients’ rising level of concern with regards to cybersecurity, so far the industry has underestimated — if not dismissed — these risks.&
Speech by Yves Mersch, Member of the Executive Board of the ECB, at the 3rd annual Conference on Fintech and Digital Innovation, 26 February 2019, Brussels
According to The Times of Malta, Maltese and European authorities believe that hackers posed as the French stock market regulator to break into the bank’s IT systems and walk away with millions of euros.
After the legal and linguistic expertise, the package is expected to be approved by the European Parliament, thus reducing turbulence in the industry.
Sponsors of the event include Intelliflo, Nuance, Practifi, Unipass Mailock, IRESS, Seven Investment Management and Focus Solutions.
It remains to be seen over the course of the near future, however, where the legal distinctions – depending on the locally applicable securities law – will be made.
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