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ESAs highlight risks in phasing out of crisis measures and call on financial institutions to adapt to increasing cyber risks (JC 2021 45)The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) issued today their second joint risk assessment report for 2021. The report highlights the increasing vulnerabilities across the financial sector, the rise seen in terms of cyber risk and the materialisation of event-driven risks.
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