The Financial Stability Board (FSB) has released a common operational incident format intended to counter the fragmented requirements and coordination of such reporting, officials say. Recently published for consultation, the new Format for Incident Reporting Exchange (FIRE) targets financial services firms that need to effectively report operational events such as cyber incidents, officials say. FSB… Read More >>
ISITC Group Issues Guide for Common MBS Initiative
A key group of the ISITC organization for operations standards has issued a guide for industry participants to help them comply with the start of the “Single Security Initiative” of Fannie Mae and Freddie Mac, an effort to foster “a common mortgage-backed security.” The technical guide, “US Settlements and Confirmation Common Elements Market Practice,” was… Read More >>
