Read the top 5 questions we receive on Regulatory Red Teaming, answered by our Red Team experts.
1. Are Regulatory Red Team assessments mandatory?
No, the listed Regulatory Red Team frameworks are currently all voluntary, however organisations selected by their associated regulator may be strongly encouraged by the regulator to perform them. One exception to this is in the UK, where the PRA and FCA now have the power to mandate a CBEST test under Section 166 of the Financial Markets Act (“Skilled Persons” reviews) for regulated organisations. Even though Red Teaming is usually a voluntary test…
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