Cloud & Infrastructure

Structural Regulation

Hong Kong SFC Launches New Online Submission Portal

By Editors | 07/01/2019

All functions and submission services available on the existing SFC Online Portal will be migrated to the new platform in phases.

Market Abuse

SEBI to Upgrade Market Surveillance System and Data Warehouse

By Editors | 04/01/2019

India’s securities regulator is looking to beef up its IT infrastructure for market surveillance and trade data analysis to improve detection of market violations.

Operational Risk

BNM Issues Policy Document Targeting Outsourcing Risk at FIs

By Editors | 31/12/2018

Malaysia’s central bank has raised expectations on the board and senior management to ensure effective oversight and governance of outsourcing arrangements.

Structural Regulation

S. Korea to Accept Internet-Only Bank Applicants in March

By Editors | 24/12/2018

Two new internet banks will be granted preliminary regulatory approval by May, allowing them to provide loans to consumers, households and SMEs, but not to corporates.

Cybersecurity

Hong Kong Faces Skills Shortage in Fintech, Cybersecurity – Survey

By Editors | 17/12/2018

Fintech and cybersecurity were viewed as the areas with the largest skills shortage, followed by a skills gap in regulatory and compliance knowledge.

Cloud & Infrastructure

NAB to Migrate Core Banking Systems to Cloud

By Manesh Samtani | 12/12/2018

National Australia Bank plans to migrate more than 300 applications, including some core banking systems, to a public cloud by the end of 2019.

Structural Regulation

HKMA to Grant Virtual Banking Licences in Q1 2019

By Editors | 10/12/2018

The HKMA has provided an update on the processing of virtual banking applications, saying it will shortlist one-third of remaining applicants with an aim to granting licences in Q1 2019.

Custody & Infrastructure

Calastone to Migrate Global Funds Network to Blockchain

By Matthew Chan | 04/12/2018

By moving to a blockchain platform, Calastone seeks to address the high cost of funds distribution and operational risk resulting from manual processes, older systems and legacy technology.

Cybersecurity

SEBI Issues Cybersecurity Framework for Brokers, Depository Participants

By Manesh Samtani | 04/12/2018

Stockbrokers and depository participants will have to formulate a comprehensive cyber security and cyber resilience policy document in accordance with the guidelines by April 2019.