The Federal Financial Institutions Examination Council today published frequently asked questions related to its Cybersecurity Assessment Tool. Released in 2015, the tool is a voluntary resource designed to help banks determine their risk profile, identify cybersecurity risks and assess preparedness. The FAQs address questions received by FFIEC member agencies from financial institutions over the past year.
House passes bills on stablecoins, digital assets, CBDCs
The House voted in favor of two bills to create a regulatory framework for payment stablecoins and digital assets. House members also voted in favor of a separate bill to ban the Federal Reserve from issuing a CBDC.