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Coverage of regulatory trends, risks, and innovations in the adoption of cloud services and critical infrastructure for financial institutions.
Cloud & Infrastructure
FSC Korea Pledges to Support Digital Transformation of Banks
By Sanday Chongo Kabange | 31/10/2021
FSC chairman Koh Seungbeom said the entry of tech giants into financial services has added fuel to market competition.
Cloud & Infrastructure
Digital Capability Key to Boosting Malaysia Capital Market, says SC
By Ranamita Chakraborty | 30/10/2021
SC chairman Datuk Syed Zaid Albar highlights the importance of technology and fintech in shaping the capital market ecosystem.
Cloud & Infrastructure
PBOC Issues Guidance on Using Open Source Technology
By Editors | 28/10/2021
FIs are encouraged to actively participate in the development of “international and domestic” open source technology communities.
Cloud & Infrastructure
HKMA to Bolster Regtech Talent Through New Skills Framework
By Manesh Samtani | 25/10/2021
The HKMA will launch a new ECF on Fintech by year-end. It will incorporate a set of competency standards and training curriculum that apply to regtech practitioners.
Payments & Settlements
China to Develop Digital Trade, Cross-border Payments
By Darien Choong | 25/10/2021
Under a new five-year plan for trade in services, China will upgrade CIPS and further develop cross-border payments and financing.
Cloud & Infrastructure
HKMA, PBOC Agree to Link Regulatory Sandbox Across Borders
By Mark Johnston | 22/10/2021
The arrangement will facilitate cross-border financial innovation in the Greater Bay Area and strengthen supervisory exchanges.
AI Risk & Governance
CBIRC Shenzhen Launches Initiative to Drive SupTech Development
By Darien Choong | 18/10/2021
A new Smart Inspection Laboratory will develop tools to facilitate on-site inspections, off-site supervision, and market access.
Cybersecurity
RBI Penalised StanChart, SBI for Regulatory Violations
By Editors | 18/10/2021
The RBI cited non-compliance with its directions on customer protection, cybersecurity, outsourcing, and reporting.
Capital Adequacy
BSP Migrates to API-Based Regulatory Reporting
By Sanday Chongo Kabange | 14/10/2021
Banks have six months to enable capabilities to generate XML reports and ensure appropriate personnel is in place.
Data Privacy
ACCC Accredits Westpac as Data Recipient Under CDR
By Editors | 11/10/2021
ADRs are allowed to receive information from other data holders and offer products and services under the consumer data right regime.
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