SIFMA Statement on Announcement from Federal Financial Regulators on Data Security

Washington, D.C., July 17, 2026 - SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr. related to the joint statement from the OCC, Federal Reserve and FDIC establishing updated procedures for handling sensitive bank data during the supervisory process:

"SIFMA applauds the statement issued yesterday by the federal banking agencies describing enhanced security procedures for reviewing highly sensitive information during supervisory examinations and committing to rapidly notifying affected banks of any potential or confirmed compromise of confidential supervisor information. These measures represent a practical and balanced approach to addressing the cybersecurity challenges associated with the collection, storage, and transmission of sensitive data. SIFMA looks forward to continuing to work with the federal banking agencies and other federal entities that may possess sensitive financial firm data on ways to enhance cybersecurity and resilience across the financial sector."

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SIFMA is the voice of the U.S. securities industry. We represent the broker-dealers, banks and asset managers whose nearly 1 million employees provide access to the capital markets, raising over $2.5 trillion for businesses and municipalities in the U.S., serving clients with over $20 trillion in assets and managing more than $67 trillion in assets for individual and institutional clients including mutual funds and retirement plans. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information, visit http://www.sifma.org.