Cloud & Infrastructure

Cloud & Infrastructure

Data Storage Rules: A Christmas Present From the SFC

By Derek McGibney | 11/12/2020

While the SFC’s new FAQs on the use of cloud storage make compliance more manageable, licensed corporations still need to weigh their options, says Derek McGibney at Cognitive GRC.

Cloud & Infrastructure

Global LEI Foundation to Develop ‘Cryptographically Verifiable LEIs’

By Editors | 10/12/2020

The ‘vLEI’ will create a cryptographically secure chain of trust that replaces manual processes required to access and confirm an entity’s LEI data.

Data Privacy

SFC Provides Alternative for Compliance With Data Storage Rules

By Manesh Samtani | 10/12/2020

The SFC will accept an undertaking from core function MICs as an alternative means of satisfying the requirement for a countersigned notice or undertaking from an EDSP.

Trade Based Money Laundering

Combatting TBML Through Collaboration and Technology

By Henry Roxas | 09/12/2020

R3’s Henry Roxas describes the complexities of trade-based money laundering in Asia and the importance of collaboration to tackle the problem once and for all.

Cybersecurity

PBOC Launches Cyber Info Sharing Platform for Financial Sector

By Editors | 09/12/2020

The platform was built by ICBC, China Construction Bank and other FIs, to improve industry cyber defences and prevention capabilities.

Clearing & Post-Trade

NZX Enhances Infrastructure, Security Following Independent Reviews

By Editors | 08/12/2020

EY was commissioned to look into issues stemming from record trading volumes in March and April, while InPhySec looked into NZX’s DDoS attack response in August.

Custody & Infrastructure

Singapore Launches National Blockchain Innovation Programme

By Editors | 07/12/2020

The initiative is aimed at further strengthening Singapore’s blockchain ecosystem and promoting the adoption of scalable and interoperable blockchain solutions.

Cloud & Infrastructure

Singapore Launches Digital Infrastructure to Facilitate Financial Planning

By Editors | 07/12/2020

SGFinDex uses SingPass and a centrally managed online consent system to enable individuals to access their financial information held across different government agencies and FIs.

Structural Regulation

Lack of Electronic Solutions Hindering Capital Market Access: ASIFMA

By Editors | 30/11/2020

The report calls on government and regulators to facilitate greater use of e-signatures, virtual meetings, and other electronic solutions in Hong Kong and Singapore capital markets.