Cloud & Infrastructure

HKMA Signs Operational Agreement for BIS Innovation Hub

18/09/2019

The Hub will foster collaboration between central banks and scale up the application of innovative technologies globally, says the HKMA’s Norman Chan.

Conduct, Culture & Accountability

RBNZ, FMA Unimpressed by Insurers’ Inaction on Conduct Risk

18/09/2019

RBNZ governor Adrian Orr says the sector has failed to demonstrate the necessary urgency and prioritisation to provide effective governance and monitoring of conduct risk.

Fraud, Scams & Cybercrime

UPDATED – ASIC, Federal Police Dismantle Online Fraud Syndicate

18/09/2019

The syndicate is said to have used fraudulently-obtained identities to steal millions of dollars from the superannuation and share trading accounts of innocent victims.

Trading & Investment

Chi-X Australia Launches Market-on-close Trading Solution

18/09/2019

The solution is said to be a potential game-changer for buy-side participants who need to place large orders benchmarked to closing prices.

Data Privacy

Philippines Moves to End Abusive Practices by Fintech Lenders

18/09/2019

A code of ethics and code of conduct have been adopted by members of FinTechAlliance.ph prohibiting the harassment and shaming of delinquent borrowers.

Structural Regulation

Hong Kong Virtual Banks Likely to Delay Launch – Report

18/09/2019

Hong Kong virtual banks are reportedly delaying plans to start promotional campaigns partly in response to city-wide protests, among other reasons.

Credit Risk

RBI Increases Bank Exposure Limit to NBFCs

17/09/2019

The move aligns bank exposure limits for NBFCs with limits applicable for other types of counterparties, but Fitch says it is unlikely to lead to significant credit flows to the sector.

Cybersecurity

Korean Banks Boost Spending of Cybersecurity, IT: BOK

17/09/2019

Banks are increasingly relying on outsourcing for cloud computing, which may become a potential vulnerability if adequate precautions are not in place.

Emerging Prudential Risks

Moody’s Becomes Second Agency to Downgrade Hong Kong Outlook

17/09/2019

Moody’s says the downgrade of Hong Kong’s outlook to negative is the result of a shift in its equilibrium with China, in addition to the ongoing protests in the city.