Thursday , June 17 2021

Central Bank, reviewing the regulatory framework for cybersecurity and warning about external risks | National

In the Financial Stability Report Central bank He pointed to a review of regulatory and supervisory systems on cybersecurity.

Among the threats to financial stability in Chile, "Continuing emphasis on the sudden adjustment of external financing conditions".

This Financial Stability Report corresponds to the second semester of 2018, and the central bank is in the midst of threats to financial stability, the rapid adjustment of external financing conditions, the small capital gap of local banks, and the increase in non-performing loans without integrated information on liabilities.

The financial system and internal and external payment systems did not record major outages, but there are some developments that need to be monitored, such as cyber security.

This is what the central banker said. Mario Marcel.

The report also has a special chapter on cyber security that raises future challenges for regulators to improve regulatory and supervisory systems in this area. Private sector financial institutions also require a permanent review of whether exposed cyber security risks are well managed.

All this, as stated by the director of the central bank's finance policy, in connection with the implementation of the new General Banking Act, Solange Berstein.

In this regard, the government has a computer crime bill in this area, state government's announcement of cyber security documents, and an agenda for personal data projects.

At the time of analysis, Jose Ramon ValenteHe pointed out that the country is rightly facing cyber security.

With regard to the evolution of household debt, The Central Bank reported that it increased the proportion of households with savings and reduced the proportion of people with debt Debt levels and financial burden of households with debt have increased significantly.

Source link