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Coverage of regulatory trends, risks, and innovations in the adoption of cloud services and critical infrastructure for financial institutions.
Data Privacy
RBI to Explore New Regulatory Approach to Digital Lenders
By Editors | 14/01/2021
A new working group has been formed to study the risks of digital lending activities and recommend regulatory changes to enhance consumer protection and data security.
Cybersecurity
RBNZ Data System Illegally Accessed by Malicious Attacker
By Editors | 10/01/2021
Commercially and personally sensitive information may have been accessed by malicious attackers who accessed a third-party file-sharing service used by the RBNZ.
Data Privacy
Taiwan FSC Approves Banks for Second Phase of Open Banking
By Editors | 10/01/2021
Following the launch of the first phase in September 2019, the second phase of open banking will involve the exchange of customer data.
Cloud & Infrastructure
Hong Kong Launches New Digital Identity Platform ‘iAM Smart’
By Manesh Samtani | 02/01/2021
The SFC, HKMA, IA and MPFA are encouraging FIs to adopt iAM Smart in their businesses for customer authentication, document signing, and remote onboarding.
Data Privacy
ACCC Extends Consumer Data Right to Business Customers
By Editors | 29/12/2020
The amendments will encourage CDR participation by expanding its benefits to more businesses, including companies and partnerships, the ACCC said.
KYC & CDD
Regulation Asia: Top Ten Contributed Articles for 2020
By Editors | 22/12/2020
This list presents the most-read contributed articles published by Regulation Asia in 2020, based on aggregated user traffic analytics.
Payments & Settlements
RBI Invites Firms to Test Cross-border Payments Tech in Sandbox
By Editors | 21/12/2020
The RBI has reduced the net worth requirement of participating firms and said it will allow partnerships and LLPs to participate.
Structural Regulation
SFC Unveils New Electronic Licensing Functions On WINGS
By Editors | 21/12/2020
The new online licensing platform marks an important milestone in the modernisation of the SFC’s gatekeeping function, said chief executive Ashley Alder.
Cloud & Infrastructure
APRA Sets September Go-Live for New Data Collection Solution
By Editors | 21/12/2020
The timing of regulatory data reporting commencing in APRA Connect will vary by industry. Existing data collections for banks will continue through D2A for the time being.
Cloud & Infrastructure
MAS Consults on Proposed Notices for Outsourced Services
By Manesh Samtani | 21/12/2020
Banks’ outsourcing agreements must include terms that grant MAS the right to audit the outsourced arrangement and obtain information from the service provider.
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