Fifteen banks in Thailand have set up a group to tackle information technology stability and security and prepare for cyber-attacks.
Vice chair Fang Xinghai says stock index futures market has been ‘substantially restored’ since outright ban in September 2015.
Banks will be urged to enhance due diligence and do more to protect data confidentiality as BNM cites risks from outsourcing to shared services.
Measures will include enhanced risk management and governance requirements as well as increased use of cloud technology.
Brokerages will be required to report more data, ensure their systems are transparent, fair, secure and compliant with national laws.
Report proposes that each UPI maps to reference data which indirectly describes an OTCD product without identifying transaction details.
Banks allowed to provide broader range of services including online sale of consumer goods; MAS cites 'increasing competition from non-bank players'.
Bank-owned NESL wins license to operate utility which shares information on financial contracts as part of efforts to clean up bad loans.
Australian bankers rail against short deadline for comments on BEAR, which mirrors Hong Kong’s recently introduced MiC.
GFMA, KPMG report suggests the number of liquidity providers will decline; market participants can’t expect harmonised regulatory environment.