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3. Recommendations

Drawing from the FSB's body of work on cyber, including engagement with external stakeholders, this report sets out recommendations to address impediments to achieving greater convergence in CIR [Annex B highlights the many-to-many relationships between the recommendations and the practical issues they seek to address, and the extent to which each recommendation is projected to have a positive impact.]. The recommendations aim to promote convergence among CIR frameworks, while recognising that a one-size-fits-all approach is not feasible or preferable. Financial authorities and institutions can choose to adopt these recommendations as appropriate and relevant, consistent with their legal and regulatory framework.