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Press Release

TruSight Completes Comprehensive Risk Assessment of Euronext

New York, NY—January 11, 2022 — TruSight, the financial industry’s leading provider of validated third-party risk data, announced today that it has completed a comprehensive risk assessment of the leading pan-European market infrastructure, Euronext (ENX.PA). The assessment provides high-quality, fully validated data on Euronext based on a standardized, industry-backed control assessment methodology designed to meet the rigorous requirements of financial institutions.

The TruSight assessment methodology covers 27 diversified control domains, including information and cybersecurity, privacy, business resiliency, and other operational risk areas, replacing duplicative questionnaires and response processes with robust test steps and attribute validation derived from collaboration among industry leaders. TruSight’s comprehensive risk evaluation of Euronext included structured inquiries, policy and procedure inspection, evidence-based validation, and dynamic control observations and validation. In addition to the Euronext assessment, TruSight assessed the applicable data center providers to validate that the resiliency requirements of a stock exchange are enabled. An in-depth data center assessment was conducted at the target production and backup sites to fully cover the control set.

“Obtaining an external validation of our risk controls is an important part of our strategy as the leading market infrastructure in Europe, and as a reference in terms of operational excellence,” said Georges Lauchard, chief operating officer of Euronext. “We chose TruSight as its methodology has become the global standard for assessing third-party risk.”

The TruSight utility model, in which assessments are performed once and shared by many, reduces the time and effort spent by both financial services institutions and third parties by eliminating the need for repetitive and duplicative questionnaires. The TruSight assessment methodology also leads to more consistent, higher-quality data, quicker third-party onboarding, and better allocation of resources to managing risk.

“Euronext recognizes the value of an industry-standard third-party risk utility and has taken proactive steps to engage with TruSight to ensure it meets the most stringent requirements of the financial services market,” said Jonathan Pressman, CEO of TruSight. “Completing the TruSight assessment enables Euronext to enhance its risk assurance and achieve significant efficiency gains for the market industry.”


About TruSight

TruSight, an industry-initiated utility, is the leading provider of comprehensive, validated third-party risk assessments. Developed and backed by five of the largest global financial institutions, including American Express, Bank of America, JPMorgan Chase, BNY Mellon, and Wells Fargo, the TruSight methodology combines best practices and standardization to deliver the highest quality data, enabling businesses to gain greater visibility into supply chain resilience.

About Euronext

Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway, and Portugal. With close to 2,000 listed equity issuers and around €6.9 trillion in market capitalisation as of the end of December 2021, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets, and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities, and Indices. The Group provides a multi-asset clearinghouse through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway, and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.

For the latest news, go to euronext.com or follow Euronext on Twitter and LinkedIn.

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For more information, contact:
Laura Nelson or Sage Morander
SVM Public Relations
401.490.9700
laura.nelson@svmpr.com
sage.morander@svmpr.com

svgImg Coronavirus Statement

Coronavirus Statement

Our highest priority at TruSight Solutions is to maintain health and safety, and we are closely monitoring the global situation regarding the spread of coronavirus (COVID-19.) At the same time, we remain steadfast in our commitment to deliver assessment products of the highest quality for our customers and assessed parties. In light of these dual goals, this statement addresses precautions and strategies that TruSight is implementing with respect to on-site assessments and the assessors who conduct these facility visits.

Assessors who have been assigned to conduct on-site assessments have attested that they have not traveled in the past 30 days to a country with a Level 2 or Level 3 designation from the U.S. Centers for Disease Control and Prevention. (A Level 2 alert is for enhanced precautions, and a Level 3 warning is to avoid non-essential travel.)

Upon request, each individual assigned assessor will confirm this assurance in writing via email.

Any assessor currently conducting an assessment in an affected country is bound by the country’s domestic regulations and will remain in that country as long as required.

Assessors have been instructed to escalate any personal travel concerns to their manager. Individual concerns will be respected and assignments adjusted accordingly.

For reasons of health and safety, there could be a delay in conducting an assessment and/or delivering a product where a country is prohibiting travel or otherwise inhibiting movement that is necessary for such assessment. In this event, we will inform impacted vendors and customers as soon as we become aware of the situation. We may also propose performing a remote assessment in lieu of an on-site assessment and making adjustments accordingly.

As the coronavirus situation quickly evolves, TruSight is closely following developments from the World Health Organization, U.S. Centers for Disease Control and Prevention, and other domestic and international bodies. If you have questions or concerns, please reach out directly to your TruSight contacts.

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