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Cloud & Infrastructure
Coverage of regulatory trends, risks, and innovations in the adoption of cloud services and critical infrastructure for financial institutions.
AI Risk & Governance
Singapore Financial Industry Bodies Sign MOU on Skills Development
By Editors | 21/08/2024
Seven associations including IMAS and ABS signed an MOU with IBF and NTUC to promote the adoption of Financial Sector Job Transformation Maps.
Anti-Money Laundering
Banks Exercise Caution in Transition to AI-Based AML Systems
By Bradley Maclean | 20/08/2024
Participants at a recent Regulation Asia roundtable in Hong Kong expressed caution, but also optimism, about the use of AI for AML purposes.
Structural Regulation
Japan to Require Foreign Investment Reviews for More Industries
By Editors | 20/08/2024
Foreign investment in companies that produce machinery, equipment, parts, and materials used in semiconductor manufacturing will be subject to review.
Cybersecurity
Malaysia’s SC Implements Revised Technology Risk Management Rules
By Nithya Subramanian | 20/08/2024
The revised guidelines include new requirements on reporting to the SC, performing cyber security assessments, and conducting penetration testing.
AI Risk & Governance
ANZ Partners With Microsoft to Launch “AI Immersion Centre”
By Editors | 15/08/2024
ANZ plans to send 3,000 leaders through the facility over the next year to upskill them on GenAI and enable them to better support “adoption at scale”.
Cybersecurity
NIST Finalises First Three Post-Quantum Encryption Standards
By Manesh Samtani | 15/08/2024
Each standard contains the computer code and instructions for encryption algorithms that can withstand attacks from a quantum computer.
Operational Risk
BNM Penalises Maybank, CIMB for Multiple Service Disruptions
By Jaya Prakash Balakrishnan | 15/08/2024
BNM said that CIMB and Maybank’s inability to promptly recover from system disruptions severely impacted customers and counterparties.
Cybersecurity
MAS Partners with Banks and Tech Firms on Quantum Security
By Nithya Subramanian | 15/08/2024
MAS and participating banks will experiment with “Quantum Key Distribution” solutions to address the cybersecurity threats posed by quantum computing.
Cybersecurity
FSC Korea Offers Roadmap for Relaxing Network Separation Rules
By Manesh Samtani | 15/08/2024
Financial institutions will be allowed to use cloud computing and generative AI provided they have adequate security assurance measures in place.
Structural Regulation
Taiwan FSC Launches New Policy Communication Platform
By Nithya Subramanian | 12/08/2024
The platform will be used to promote open discussions on regulatory issues in the financial industry to enhance Taiwan’s global competitiveness.
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