Cloud & Infrastructure

Data Privacy

EU, China Launch Formal Discussions on Cross-border Data

By Editors | 29/08/2024

The discussions seek to find ways for EU businesses to receive non-personal data from China without breaking the country’s data laws.

AI Risk & Governance

RBI Developing New Unified Platform to Facilitate Lending

By Ajoy K Das | 28/08/2024

The so-called “Unified Lending Interface” will provide lenders digital access to customer data from land records and other sources.

AI Risk & Governance

Korea: FSC Chairman Pledges Support for AI Initiatives

By Editors | 28/08/2024

Kim Byoung-hwan said regulations will be relaxed to ensure the financial sector leads Korea’s push to become a top-three global leader in AI.

KYC & CDD

Taiwan Banks to Allow Companies to Open Accounts Digitally

By Editors | 26/08/2024

The FSC said banks should allow “all types” of non-individual clients to open digital deposit accounts, provided appropriate verification, controls and monitoring are in place.

Operational Risk

BNM Fines Bank of China’s Malaysia Unit for Outsourcing Violations

By Nithya Subramanian | 26/08/2024

BNM said the bank did not obtain prior approval before relocating core banking systems to new data centres.

Structural Regulation

China Further Opens Up Foreign Investment in Key Sectors

By Editors | 25/08/2024

China’s 2024 negative list removes restrictions in the manufacturing, telecommunications, education, and healthcare sectors.

Reporting & Disclosures

CDP Announces Reporting Delay Due to “Technical Issues”

By ESG Investor | 22/08/2024

CDP said it has implemented an improvement plan and will be developing fixes throughout this month to address data-entry challenges.

Clearing & Post-Trade

Transitioning to T+1 Settlement: Lessons for Asian Firms

By Nithya Subramanian | 22/08/2024

Asia Pacific jurisdictions are increasingly considering moving to a T+1 securities settlement cycle following the US move in May, says DTCC’s Val Wotton.

Cybersecurity

SEBI Issues New Cybersecurity Framework for Regulated Entities

By Ajoy K Das | 21/08/2024

A cyber capability index (CCI) will be introduced as a benchmark for evaluating cybersecurity effectiveness and guiding necessary improvements.