1. Introduction
Enhancing cyber resilience is a key element of the FSB work programme to promote financial stability. This work includes the identification of fragmentation in supervisory and regulatory approaches to cybersecurity and/or information technology risk [The FSB stocktake of existing supervisory and regulatory practices identified 56 schemes of regulations and guidance targeted to cybersecurity and/or information technology (IT) risk, covering a variety of content elements. See FSB (2017), Stocktake of Publicly Released Cybersecurity Regulations, Guidance and Supervisory Practices, 17 October.], creation of a Cyber Lexicon [FSB (2018) Cyber Lexicon, 12 November.] and development of effective practices for cyber incident response and recovery, which highlighted fragmentation in cyber incident reporting [FSB (2020), Effective Practices for Cyber Incident Response and Recovery, 20 October.].