. in november, the financial stability board ( fsb ) published a cyber lexicon. having a common set of definitions in non - technical language will support the work of the fsb, standard - setting bodies, authorities and financial institutions to address cyber security and cyber resilience in the financial sector. the ecb continues to participate in these international fora, ensuring that global initiatives are aligned with our work in europe. from an operational perspective, the market infrastructure board, which is in charge of the eurosystem - operated financial infrastructures, continues to scale up its activities to ensure the continued cyber resilience of its systems and platforms. at our meeting in march6, we identified four key areas for further focus : 1 ) crisis management and incident response ; 2 ) information sharing ; 3 ) awareness and training ; and 4 ) third - party risk. there was general agreement that these key areas warranted further thought and focus. the unitas exercise further confirmed that these areas require attention. today we will reflect on how to address them collectively on the basis of proposals made in close cooperation with the experts at your institutions. thank you. 1 eurosystem cyber resilience strategy 2 cyber resilience oversight expectations 3 tiber - eu framework 4 cpmi - iosco guidance on cyber resilience for financial market infrastructures 5 tiber - eu services procurement guidelines 6 ecrb public summary march 2018 2 / 2 bis central bankers'speeches

been introduced by individual entities are effective. to that end, we published the tiber - eu framework in may and the tiber - eu services procurement guidelines5 in august. in due course, we will also be publishing the tiber - eu white team guidance, to further complement the testing framework. the feedback on the testing framework has been very positive, and we are in close dialogue with a number of authorities across the eu that are in the process of adopting it. our hope is that over time, this sophisticated level of testing will help strengthen our financial infrastructures and raise standards among threat intelligence and red team testing providers. in terms of sector resilience, we believe that exercises are a key component of building marketwide preparedness for a cyber incident. in march, we told you about our forthcoming market - wide exercise, which we held in june. the exercise, unitas, took the form of a facilitated discussion among market participants – many of whom are here today – on a cyber scenario. the scenario involved a cyberattack on a number of financial infrastructures, resulting in a loss of data integrity and a knock - on effect on other financial infrastructures. today we will discuss how we can proceed in 2019 to follow - up on this exercise. 1 / 2 bis central bankers'speeches with regard to strategic regulator - industry collaboration, our third pillar, we formally established the euro cyber resilience board ( ecrb ) for pan - european financial infrastructures in march 2018, as a forum for strategic discussions between financial infrastructures and authorities. as you know, our objectives are to raise awareness of the topic of cyber resilience ; to act as a catalyst for joint initiatives to develop effective solutions for the market ; and to provide a place to share best practices and foster trust and collaboration. today we will discuss what concrete steps we can take as members of the ecrb to develop meaningful solutions and foster this trust and collaboration. of course, cyber risk is borderless and it is an international issue. so the eurosystem ’ s initiatives are part of a growing international effort to combat cyber threats. in october this year, g7 ministers and central bank governors published the “ fundamental elements for threat - led penetration testing ”, which complements the tiber - eu framework, and the “ fundamental elements for third party cyber risk management in the financial sector ”. in 2019, the g7 cyber expert group will move ahead with conducting the first global cross - border cyber crisis simulation exercise