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Coverage of regulatory trends, risks, and innovations in the adoption of cloud services and critical infrastructure for financial institutions.
Operational Risk
Mizuho Unable to Identify Cause of System Failure
By Editors | 02/09/2021
In a report to the FSA, Mizuho says it will revamp its system restoration procedures, review its customer response measures, and reassess its core banking system.
Data Privacy
ABS Offers Standardised Approach to Bank Data Sharing
By Manesh Samtani | 30/08/2021
A new Data Sharing Handbook provides a framework for banks and non-bank ecosystem partners to share data in a safe, secure and responsible manner.
Payments & Settlements
Bank Indonesia Issues Framework for Open Banking
By Sanday Chongo Kabange | 26/08/2021
Under the framework, 16 banks and payment service providers will be required to adopt open API systems by June 2022.
Data Privacy
BSP to Roll Out Unified Data Standards for FIs by Year-End
By Ranamita Chakraborty | 25/08/2021
The framework seeks to ensure that all the information obtained by and passed through different digital channels is handled ethically.
Sustainable Finance
Singapore Should Lead on Green Fintech Regulation Ahead of COP26
By Benjamin Soh | 23/08/2021
Singapore is well positioned to be a global leader on regulatory innovation in green fintech, writes Benjamin Soh, Co-founder and Managing Director of STACS.
Market Data & Technology
US SEC Allows API Access to Financial Disclosure Data
By Editors | 22/08/2021
The APIs aggregate financial statement data and make corporate disclosures quicker and easier for developers and third-party services to use
Structural Regulation
OJK Indonesia Introduces Digital Banking Framework
By Editors | 22/08/2021
Digital banks should have a minimum paid-up capital of IDR 10 trillion (USD 694 million). However, the capital deposit required at the time of application is IDR 3 trillion.
Clearing & Post-Trade
Depositories to Develop Platform for Monitoring Security Creation: SEBI
By Editors | 18/08/2021
SEBI is asking issuers, debenture trustees, and credit rating agencies to carry out necessary changes to ensure readiness to use the new DLT-based platform.
Data Privacy
BSP to Finalise Members of Open Finance Body This Year
By Sanday Chongo Kabange | 10/08/2021
The open finance oversight committee which will formulate standards for consent-based data sharing will include representation from across the financial industry.
Data Privacy
Big Tech Brings ‘New and Unfamiliar’ Challenges: BIS
By Ranamita Chakraborty | 06/08/2021
A purely activity-based approach to regulating big tech is likely to fall short. Central banks need to more closely coordinate with competition and data governance authorities.
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