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Bailey McCann, Opalesque New York:

Cybersecurity, geopolitical risk, and regulation rank among the top five concerns for financial institutions according to the latest Systemic Risk Barometer survey conducted by DTCC. 84% of respondents cited cybersecurity concerns as among their top five risks in a white paper outlining the results. The DTCC white paper highlights the importance of greater information sharing and closer collaboration between the public and private sectors in combating cyber-crimes.

The survey and white paper were completed in the third quarter of this year by a total of 202 respondents, including DTCC clients and a broad range of global stakeholders from the financial services industry.

In the wake of several high profile cyber attacks, many including personal credit card information and some directly on banks themselves, financial institutions are now rushing to fill any security gaps.

"Building information partnerships among key stakeholders is critical to developing the most comprehensive and effective tools for promoting cyber-security across the financial system and in our critical infrastructures," said Michael Leibrock, DTCC Chief Systemic Risk Officer. "The best way to achieve these alliances is through a truly coordinated and open approach across industries and national borders."

The white paper provides global policy makers and the financial com......................

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