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IAWG Chair Andrew Hughes called the meeting to order. Roll was called. Meeting was quorate.
The newest voting member, Denny Prvu, introduced himself to the group including his role with the Royal Bank of Canada.
Minutes approval: Mark Hapner motioned to approve the draft minutes from the July 7 IAWG meeting. Martin Smith seconded the motion. The minutes were approved unanimously.
Agenda was confirmed.
General Updates: n/aAssurance Updates: Andrew provided a brief update in lieu of Kay’s absence. The UK program is in a bit of a lull attributed both to summer travel and the resignation of Boris Johnson. We will keep an eye on how it all progresses.
Assurance Updates
Andrew provided a brief update on the relying party feedback meeting being planned with NIST and financial institutions. There is little coverage in 63-3 around some of these topics that private institutions are already tackling (risk-based, fraud signals, etc). These meeting can provide information for NIST consideration. Awareness, consideration, and influence are all goals of this meeting.
Jimmy stated that NIST is government agency focused, but they need to think outside agencies and acknowledge what is happening outside their spectrum that could be implemented into 800-63. Michael mentioned that NIST did bring in outside organizations in 2017 for cybersecurity feedback - so this is not outside NIST’s realm.
Martin asked how Kantara will respond to NIST potentially saying they have no authorization to make standards outside the government realm. Andrew and Eric confirmed that is not what we are trying to accomplish. The hope is that they will consider current approaches from financial institutions and potentially implement them - especially from a DEI perspective. These are companies that are solving common problems - so potentially adopting their solutions could benefit everyone.
Mark Hapner initiated a short discussion on financial regulators. Denny provided his perceptive from the RBC and those regulations and guidelines.
The meeting is lined up with David Temoshok for early August.
Discussion:
Assurance Program
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