Three international industry groups, including the International Swaps and Derivatives Association, recommended that key international regulators adopt uniform global policies on cybersecurity, data and technology. Among other principles promoted by the groups were that regulators should recognize that there is no “one-size-fits-all approach” to cybersecurity and that regulations “should enable programs that are risk-based, threat-informed, and based on the size, scope, function and business model of the entity being regulated.” The groups also warned against any requirements to disclose source code, claiming that “[s]uch disclosure would expose firms to unquantifiable financial risk from litigation, and IP actions by software and IP licensors for breach of standard controls and contractual provisions protecting supplier IP.” The other international groups making these recommendations were the Global Financial Markets Association and the European Banking Federation.