Following up on the Cyber Incident Recovery and Response (CIRR) toolkit developed by the FSB under the Saudi Presidency, the Italian Presidency will focus on cooperating to achieve greater harmonisation in specific areas such as reporting of cyber incidents.
The Italian Presidency is also engaged to achieve more efficient and secure crossborder payment systems, building upon the Roadmap for enhancing cross-border payment arrangements and infrastructures developed under the Saudi Presidency and facilitating the achievement of its 2021 committed deliverables. Related to this, we will continue the review of regulatory, supervisory and oversight challenges of global stablecoins and of remaining financial stability concerns.