Disruptions to our financial market infrastructure or systemically important market participants can have cascading impacts through the financial system and undermine public confidence.
The ARC’s risk mitigation strategies and solutions enhance the resilience of critical financial functions and play a critical role in the health and stability of the US and global economy.
Leading financial services firms bring their individual resilience experience together at the ARC for the collective defense of the nation’s economic security.
Engaging significant market participants ensures the ARC’s systemic risk work incorporates sector-wide expertise, enabling ARC, our members, and partners to identify additional sources of systemic risk and drive mitigation solutions to enhance sector resilience. Wherever relevant, we also collaborate with other associations and industry bodies across the public and private sector.
Adversaries adapt, market structures change, geopolitical situations evolve and, therefore, the need for dynamic, coordinated, risk mitigation never ends.
Given the cyber landscape, industry coordination and collective preparation with the government on cyber defense could not be greater. Technology’s expanded role in critical infrastructure and the interconnected nature of systems and networks increases the possibility of systemic risk to our economic security.
Coordinating with government partners, ARC members support ongoing government capabilities to protect critical economic infrastructure.
This public-private collaboration equips government and private sector partners with a wider range of tools, intelligence, and expertise to strengthen the resiliency of our nation’s critical infrastructure.
The Financial Systemic Analysis and Resilience Center (FSARC) was created in 2016 by the CEOs of Bank of America, BNY Mellon, Citi, Goldman Sachs, JPMorgan Chase & Co., Morgan Stanley, State Street Corporation, and Wells Fargo to assess and mitigate concentrations of risk proactively collectively which enhance the resilience of the critical infrastructure supporting the US financial sector.
The ARC broadened its collaboration with lifeline infrastructure sectors in 2020. Through the ARC, Financial Services and Energy companies convened to collectively develop and deploy resilience measures to increase their resilience. Additionally, we coordinate with industry and federal government partners in the collective defense of the critical systems, assets, and function each sector relies on.