19 Consequently, the data on OTC transactions performed by Canadian banks and reported by them to U.S. trade repositories are currently not being used to assess systemic risk in the OTC derivatives market. To summarize, national authorities should strive to build trust and achieve more cross-border recognition of comparable regulatory requirements.
In the fight against cybercrimes, let us remember to be inclusive, let us involve all stakeholders. In particular, financial consumers should be informed about cyber threats and how they can evade cyber attacks to protect their accounts. Indeed, cyber security is a shared responsibility, and each of us has a role to play in making our cyber landscape safer, more secure and resilient.